A UN FAO report for May of this year notes that after two months of sharp price increases, there has been a relative decline in the cost of sugar. Thus, the sugar price index in May averaged 120.3 points, which is 1.3 points (1.1%) lower than in April. The FAO believes that the fall in sugar prices on the world market in May is due to a decrease in import demand in world markets and an increase in export supply as a result of a record harvest in...

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