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The past year has been a traumatic one for the world sugar trade. Prices rose sharply at the beginning of 2006 on a perfect storm of EU reform, Asian drought, Indian crop problems, high ethanol demand and fund inflows into commodity markets in general. All this led to predictions of a deep deficit and even higher prices. As the year progressed, however, higher sugar prices led to a diversion from ethanol to sugar and destocking in a number of key countries, most particularly in the EU and in China.

Those higher prices also led to a rapid response on the part of producers, many of whom sharply increased plantings. This expanded acreage combined with a recovery from Asian drought has turned the sugar world on its head. The predictions now are for a world surplus production of around five million tonnes.

World sugar traders face a number of key challenges going forward. Some – such as the ending of EU exports and the growth of flexfuel cars in Brazil- are structural. Others – such as Indian expansion - are cyclical. At this stage it is not clear how these changes will play out, but they all impact enormously on the way we all do business.

The 3rd World SugarTrade will provide a forum to discuss these issues and hopefully throw some light on the road ahead. Expected to draw over 400 international delegates, WORLD SUGAR TRADE DUBAI is an event Not-To-Be-Missed. To register, please go online at www.cmtevents.com or email meiyen@cmtsp.com.sg

You Will Network with
• Managing Directors • CEOs • VPs • Business Managers • Sales and Marketing Directors • Purchasers • Planners • Operations Managers • Technical Managers • Production Managers • Plant and Refinery Managers • Research and Development Managers • Agriculture and Trade Policy Enforcers • Cane and Beet Producers • White and Raw Sugar Producers • Refineries • Commodity Traders and Brokers • Sugar Equipment Manufacturers • Bankers and Financiers • Sugar End-users including Beverage/Food & Snack Corporation