Green Pool Cuts Forecast for Sugar Deficit in 2019/20 Season

June 12, 2019 at 12:20 PM

Global sugar deficit will be 1.62 mln tons in 2019/20, smaller than previously forecast, as consumption growth
slows, researcher Green Pool Commodity Specialists said in a report.

Stocks remain very large and deficit would need to be bigger “to cause prices to move back to longer term average levels”.

Expects Brazil output to rise to 27.5 mln tons in 2019/20 vs 26.5 mln tons estimated in 2018/19, and the EU and China to increase output.

Cuts to sugar production seen for Thailand, India, Pakistan, South Africa and Australia.