Excess sugar supply is pushing world sugar prices down. American Sugar Alliance Director of Economics and Policy Robert Johansson says U.S. sugar prices are following that downward trend. “Brazil had a historic year of production this past year and they’re having another good season this year,” said Johansson. “The overall global supply of sugar is expected to exceed demand by over 5 million tons and that’s softening prices in the world market.” Weather remains a factor in the sugar market. “Hopefully, it’ll be a good year; the (Red River) Valley got a good start.” Johansson was featured at the World Beet and Cane Sugar event in Fargo.
