One of the world’s most-traded commodities, the sugar industry has grown with the world’s population. Today, the top consumers of sugar are India, the EU, and China.
Sugarcane accounts for 80 percent of the world’s white sugar, with sugar beets making up the rest. Brazil, the top sugar supplier, represents 50 percent of global exports while producing one-fourth of the world’s supply.
Competition from other sweeteners and substitutes, as well as changing policies in the EU and India, have led to market uncertainties. Foreign exchange fluctuations and new ethanol rules also make the global market difficult to predict.