CONFERENCE ON SUGAR
(N.Z. Press' Assn. —Copyright) LONDON, June 16. The International Sugar Council session, which started in London yesterday is taking place at a critical juncture for the sugar world. A special correspondent of “The Times.” says the sugar boom of 1962-64 has left a heritage that will threaten the stability of the international sugar trade for years to come. The London daily price for sugar has now reached its lowest level for 17 months —£46 a ton. The price does not yet appear to have grounded. Demand is limping well behind actual needs. Consumers and traders are drawing on their stocks and covering their needs on a hand-to-mouth basis. .The correspondent said that nothing less than a new and more effective international sugar agreement will be required at a fairly early date to prevent supply conditions and the market situation from getting completely out of hand.
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Bibliographic details
Press, Volume CIII, Issue 30469, 17 June 1964, Page 11
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148CONFERENCE ON SUGAR Press, Volume CIII, Issue 30469, 17 June 1964, Page 11
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