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It’s coming at a time when production is booming, especially in India, the world’s number two sugar producer. Farmers in Thailand are also collecting massive crops. World stockpiles are set to swell to the highest ever this season and stay near the record next year, according to the US department of agriculture. Sugar futures in New York have already slumped 25% in 2018. That’s the biggest loss on the Bloomberg Commodity Index, which tracks returns for 22 components.
"Unless there’s a weather issue, it doesn’t look that the bulls have any hope for a sustained rally," said Donald Selkin, a New York-based chief market strategist at Newbridge Securities, which oversees about $2bn. "Everybody is trying to do away with sugar and sugary products. You see that in supermarkets and grocery stores. Demand is going to remain less than it’s been in recent years. The price is doomed to stay low for a while."
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Answer:
Early European settlers had many motives for coming to North America. The newcomers were looking to expand trade, gain wealth or seek religious freedom. Settlers from Spain chose the lands around Florida, the Dutch and the Swedes were drawn to the Mid-Atlantic region for the burgeoning trade, and the Pilgrims from Britain settled New England.
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to take offense,bridle
water saturated with sea salt or sea salt residue from evaporation,(brine)
effortlessly graceful; like a ballerina (lithe)
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