Low sugar price will be here for a while yet, the International Sugar Organization said, even while forecasting the first drop in world sugar production for five years.
The ISO, in its first full forecasts for 2013-14, estimated that sugar output would fall by 2.1m tonnes to 180.8m tonnes.
However, the decline, the first since 2008-09, would still leave output above world consumption, which it forecast rising 3.6m tonnes to 176.3m tonnes.
"After three years of statistical surplus, the world sugar economy is facing another surplus season," the ISO said, estimating it at 4.5m tonnes for 2013-14.
That compares with an ISO outlook in May that production would prove "at least 3.5m tonnes higher than global consumption" in 2013-14.
And it follows surpluses of 6.17m tonnes in 2011-12, and 10.3m tonnes last season.
While the world surplus will "decrease considerably in 2013-14, it nevertheless implies a further rise in global stocks levels", signalling pressure on prices, the ISO said.
"It seems that a lower global surplus per se cannot be treated as a price-supportive factor, and the market may record more [price] losses during the 2013-14 season."
The comments follow cautions from sugar producers such as commodities giant Noble Group over the disincentive that low prices are providing for output.
The impact of low prices has already been seen on production of beet, which unlike cane is an annual plant, with sowings falling markedly this year in Russia and Ukraine.
Indeed, the ISO forecast sugar output falling 15.8% to 4.35m tonnes in Russia in 2013-14, doubling the country's import needs, to 1.58m tonnes.
Ukraine's production was forecast tumbling 21% to 1.90m tonnes.
Output in India, a cane growing nation and the world's second-ranked sugar producer, was seen falling 7.4% to 2.50m tonnes.
Production in top-ranked Brazil was pegged at 41.4m tonnes, a rise of 2.0%.
The ISO uses strictly an October-to-September marketing year for its data, unlike some other commentators which employ Brazil's April-to-March season.