OCR Text |
Show SUGAR SHORTAGE INDICATED A world sugar shortage this year is indicated in a report on' world production and consumption conditions just made public b' the commerce department. Consumption needs this year, placed at about 350,000 tons higher than in 1922, are estimated to total 725,000 tons more of raw sugar than estimated production. The year starts, the report says, with a four-million-ton Cuban1 crop in prospect, a big crop in Java and a greatly increased produc-i tion in European countries, but decereases elsewhere, particularly in the United States, are eipected to bring world production to a point only about 1 25,000 tons 'above that of last year. j Figures listed for 1921-22 revealed a raw sugar production in America of 8,0 1 8,000 tons; in Asia, 5,245,000 tons; Australia. 364.000 tons; Africa, 519,000 tons; Europe, 4.037,000 tons, while 1922-23 estimates placed the output in America at 7,417,000 tons; Asia, 5,386,000 tons; Australia. 332,000 tons; Africa. 558,000 tons; Europe, 4,615,000 tons. An outstanding feature of the present sugar situation, the report ads, is the small carry-over in Cuba this year. |