OCR Text |
Show THE SUGAR OUTLOOK. Production of sugar is slowly increasing in-creasing in our country and Europe but consumption is also gaining and prices of sugar will not fall much, is the opinion of experts. The increase in European acreage acre-age is reported at 13 per cent over last year while acreage 'in our country has risen to over 900,000 acres. European beet acreage in 1913-14 totalled 5,434,395, which fell off during the year to 2,500,000 acres, and this accounts for the world sugar scarcity. Sugar producion in Germany this year rises from 740,000 metric tons in 1919 to 1,110,500 metric tons for 1920. There should be some decline in sugar prices, but the world shortage is far from being overcome. The labor cost of making sugar and high cost of all raw material will prevent sugar ever going back to prewar pre-war prices. Prohibition of the liquor traffic and consequent increased use of confectionery con-fectionery and sweets in all forms is also a price factor. ! i |