The World Is Dealing With a Massive Sugar Glut
- Demand is slowing as consumers grow wary of health impact
- ‘The price is doomed to stay low for a while,’ strategist says
This article is for subscribers only.
Sugar stockpiles are poised for a record as slowing demand growth and surging production creates the worst-performing commodity of 2018.
Consumers have become increasingly wary of the health impact of their sweet tooth, and companies from canned-fruit maker Del Monte Foods Inc. to snack-food seller Mondelez International Inc. are touting products made with less sugar. While global consumption is still rising, the pace of growth has slowed to an average 1.4 percent in recent seasons, down from 1.7 percent over the past decade, according to researcher Green Pool Commodity Specialists.