LONDON, Aug 10 (Reuters) - Market analysts Green Pool on Monday raised their forecast for a global sugar deficit in 2015/16 to 4.6 million tonnes from a forecast of 2.8 million made at the end of May.
Increased production of ethanol from Brazilian cane, in response to strong ethanol demand, and reduced production forecasts in China and Thailand, contributed to the increased deficit forecast, Australia-based Green Pool said in a statement.
It has forecast a global sugar surplus of 3.3 million tonnes for the 2014/15 crop year. Green Pool's annual crop production forecasts are based on crop year cycles.
(Reporting by David Brough; editing by Jason Neely)
Aug 10, 2015