For years, governments, doctors and celebrity chefs tried and failed to get the world to consume less sugar. The global closure of restaurants, sports arenas and cinemas means sugar demand will drop this season for the first time in four decades, according to Czarnikow Group. Sugar consumption will slip 1.2 per cent to 169.9 million tonnes this season, according to supply chain services company Czarnikow. The International Sugar Organisation said the crisis has wiped out most of 2020’s projected consumption growth, and bigger losses may follow. Lockdown measures are easing around the world and the US Department of Agriculture expects global sugar consumption to rebound 3.6 per cent to a record next season.

Source: Standard Digital June 14, 2020 18:22 UTC