international sugar organization 1 canada square canary wharf london e14 5aa uk tel 44 0 20 7513 1144 fax 1146 website www isosugar org another global surplus projected for 2003 04 world production to decline by 9 million tonnes use of grow 2 per cent wto agriculture negotations centre on which basis develop a framework text 15 december rta s is subject special provisions under the us chile fta as will likely be case cafta and ftaa hfcs corn sweetener costs remain firm while demand weakens in 2004 molasses prices move sideways over coming months biofuels both united states brazil boost ethanol output further quarterly market outlook november e mail economics contents i iii executive brief balance supply 10 export availability 11 12 consumption 14 imports events 18 03 policy developments 22 update 23 regional trade agreements 27 alternative sweeteners 30 high intensity 31 34 35