The world is running short of sugar and top buyer wants more

Raw sugar sits piled in a storage building at the Rogers Sugar Inc. facility in Vancouver, British Columbia, on Jan. 6, 2020. Foto: Bloomberg photo by James MacDonald

Just as the world's top sugar traders forecast a global shortage of the commodity, No. 1 raw-sugar importer Indonesia says it wants a record amount of the sweet stuff.

The Southeast Asian nation said it aims to import about 1.4 million tons of raw sugar, or 1.33 million tons of the refined variety, for household use this year and in early 2021. That's a more than 11-fold increase on last year. Meanwhile, domestic output is expected to sink while local demand increases...

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