Global sugar production is seeing a sweet surge, but export demands have soured. Even with environmental factors expected to affect production, sugar producers are coming up with more of the sweetener than they can handle. Diminishing government support and weakening currencies in producing countries are just some of the factors contributing to and complicating the surplus for producers.

Even India, the world’s second largest sugar producer, and second largest consumer, will see a surplus for the fifth straight year after exporting a whopping 2 million tons of the product.

Some industry professionals, however, are foreseeing quite the opposite scenario in the coming year. "A lot of the weather problems that we are encountering now are going to have a bigger effect on production next year," Robin Shaw, an analyst at broker Marex Spectron, told Prairie Business. "With an annual increase in consumption, we're going into a small deficit."

Despite predictions of a possible, more balanced, sugar markets, past years’ surpluses have resulted in high stocks of the product, which is sweet news for those fearing shortages.

K-Pop (also known as Korean pop music) fans in China won’t be out of step with their favorite tunes for much longer as Korea’s Ministry of Trade and Energy (MOTIE) announced advances in e-commerce negotiations in South Korea and China’s free trade agreement (FTA) negotiations. In the 11th round of FTA negotiations, the two nations made major developments in defining e-commerce as a separate chapter.

Should the two nations agree that e-commerce will be characterized as a separate area of trade, standards that previously imposed import duties on materials transmitted electronically would no longer apply. Chinese fans of the ever-popular Korean pop music will no longer face duties on music purchases as well as purchases of e-books. 

Business Korea reports that, even with the agreement, applicable provisions are expected to be established later on. Korea and China continue their FTA negotiations which include concession requests on manufacturing and agro-fishery products.

A surge in trade, due to manufacturing exports, brings Mexico its third trade surplus in 2014. Mexico’s national statistics agency reports a surplus totaling $510 million USD in April 2014, which is a clear signal of the country’s progressing economic recovery.

The reported surplus comes as a surprise to economists whose median projection for the country was a $433 million USD deficit. The national statistics agency reports that the foreign sales of manufactured goods accounted for 83% of exports in April with approximately 80% of those goods purchased by the US.

Bloomberg reports that the surplus streak is the longest in almost two years.