What will drive consumption of sugar and is there a possibility it might exceed the historical growth rate?
Currently, the consumption of sugar in India on a per capita basis is among the lowest in the world. While per capita sugar consumption in Brazil is 55 kgs, it is 37 kg in the EU and 31 in the US. Indias consumption stands at only 18 kg, lower than even Thailand at 35 kg. However, Chinese consumption is still lower at around 7 kg. Besides, of the 27 kg per capita sweetener consumption in the country, as much as 15 kg used to be in the form of jaggery, which is now down to 9 kg. Even a 1 kg shift to sugar can lead to an additional 1 million tonne demand for sugar. Whats more, India is the largest consumer of sugar and growth in per capita consumption even by a small margin can have a significant impact on demand, which needs to be met by the domestic industry. What is your outlook on sugar prices? Sugar prices are going to rise. Production in 2003-04 was 14.2 million tonnes, consumption at 19.25 million tonnes and inventories at a low 7 million tonnes (10.5 million tonnes last year). Wh
Related Questions
- What will drive consumption of sugar and is there a possibility it might exceed the historical growth rate?
- What is the historical portfolio turnover rate of the S&P/Barra Growth and Value indexes?
- What is the historical growth rate in southeast La Plata county?
- What is the historical growth rate in southeast La Plata county?
- Sugar consumption growth in Asia: Untapped potential?
- Sugar consumption growth in Asia: Untapped potential?
