Sugar Surpluses Reach Decade High

The sugar surpluses that are overhanging the U.S. market, and sending sugar prices plunging, continue to rapidly climb, according to data released today by the U.S. Department of Agriculture (USDA).

Surplus stock figures for the year ending Sept. 30, 2012, increased from 1.7 million tons to 2 million tons, the USDA noted. Estimated surpluses for the year ending Sept. 30, 2013, grew from 1.6 million tons to 2.2 million tons.