Wednesday, May 7, 2008

Sugary Sweet Facts

I came across an article recently about sugar production and I thought it was interesting to share.

Do you know that Brazil is currently the largest sugar producing nation in the world?

Here are some facts about Sugar from Brazil: In 2006 it produced thirty million tonnes of sugar, which made up 20% of the world’s total sugar production. Of that 30 million tonnes of sugar, Brazil exported 17.7 million tonnes of sugar to other nations, which comprised almost 40% of the sugar traded in the world that year.

So if Brazil experiences fluctuations of sugar production, it can affect world sugar prices substantially. In 2002, Brazil’s bumper sugar crop sent world prices plummeting to below five cents per pound.