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 is reported at 13 per cent over Inst year, while acreage in our country has risen to over 900,000 acres. European beet acreage in 1913-1914 1913-1914 totalled 5,434.395, which fell off during the war to 2,500,000 acres, ac-res, and this accounts for the world sugar scarcity. Sugar production in Germany this year rises from 740,000 metric tons in 1919 to 1,116,500 metric tons for 1920. There should be some decline in sugar prices, but the world shortage short-age is far from being overcome. The labor cost of making sugar and high cost of raw material will pVevent sugar ever going to 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. |