According to data of the National Bureau of Statistics, the growth of food with sugar content, except for dairy products, was between 4.5-41.5% till the end of October 2008. The output of confectionary was 971,000 tons from January to October, up 19.8% from same period 2007; cakes, 658,000 tons, up 26.3% from same period 2007; biscuits, 2.28 million tons, up 41.5% from same period 2007; fast frozen staple food, 1.73 million tons, up 16.8% from same period 2007; dairy products, 15.41 million tons, up 4.5% from same period 2007; canned food, 4.83 million tons, up 16.9% from same period 2007; carbonated drinks, 9.27million tons, up7.2% from same period 2007; fruit juices and drinks, 9.84million tons, up 10.3% from same period 2007; frozen beverage, 1.91 million tons, up 4.7% from same period 2007.

List

Preface 4

News Flash 4

1585.08 Tons Saccharin Sold to Domestic Market till End of October 2008, down by 21.32% from Same Period Last Year 4

Growing Production of Food with Sugar Content from January to October 2008 5

USDA Predicts 8 Million Tons Less Production in 08/09 around Globe 5

India: Sugar Output to Fall to 20-22.50 Million Tons 5

ISO: Shortage of Sugar in 08/09 Campaign in the World to fall to 3.60 Million Tons 6

News & Analysis 6

0.15 Million Tons Sugar Production till End of October 2008, 0.02 Million Tons Sold 6

Supply and Demand Balance 7

Comparison of Domestic and International Sugar Prices in November 2008 7

Price Trend 10

Import&Export 12

Sugar Import and Export in October 2008 12

About BOABC 15