| United States Department of Agriculture |
| Foreign Agricultural Service |
| Circular Series FS 02-02 |
| Nov 2002 |
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Sugar: World Markets and Trade |
Forecast production increases in the European Union (EU), Brazil, Australia, South Africa, Thailand, and China look to lead the way toward a record world production output for the upcoming 2002/03 season. Although consumption is expected to remain firm, import demand is expected to slacken as the principal importing countries of Russia, and Ukraine reduce imports in the face of increasing domestic production. This may increase downward pressure on prices. Lower prices are expected to stimulate demand in the important consuming regions of Asia, Africa, and the Middle East, leading to greater imports and higher consumption
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