NEW YORK: International sugar trader Czarnikow on Monday cut its estimate for global sugar consumption this year by nearly 2 million tonnes, saying the coronavirus pandemic will reduce overall sugar use in countries that imposed lockdowns.
In a note to clients, the global trader headquartered in Britain said it is reducing by 5 per cent the expected sugar consumption in countries such as China, Germany, France, Italy and South Korea, among others.
Published in Dawn, March 17th, 2020
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