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(iStock) A home-baking frenzy, stimulus checks and stockpiling all meant that global demand fared quite well last season, proving wrong some of the world’s top sugar traders Refiners in Indonesia, the world’s largest importer of raw sugar, are set to bring in 10% more this year, according to the nation’s Sugar Refiners Association Top consumer India will see consumption rebound by as much as a million tons this season Even with restaurants, cinemas and stadiums shut, people kept binging on sugar. A home-baking frenzy, stimulus checks and stockpiling all meant that gl...

India is among the top sugar consumer, which will see consumption rebound by as much as a million tons this season, according to experts

A Global Sugar Binge Has Surprised Even the World’s Top Traders Bloomberg 1/23/2021 (Bloomberg) -- Even with restaurants, cinemas and stadiums shut, people kept binging on sugar. Popular Searches A home-baking frenzy, stimulus checks and stockpiling all meant that global demand fared quite well last season, proving wrong some of the world’s top sugar traders. What’s more, consumption is set to rebound to a record in the year that began in October, according to Tom McNeill, a director at Brisbane, Australia-based researcher Green Pool Commodity Specialists. That’s a stark turnaround ...