New York: Global sugar output is likely to increase to 2.74 million tonnes in 2021/22 from a deficit of 1.51 million tonnes in 2020/21, said Datagro, a sugar and ethanol consultancy.
According to the news reports, Plinio Nastari, chief analyst, Datagro said, good crop in India along with production recovery in Thailand and higher yield in Europe despite frosts in France are the main reason behind the hike in sugar surplus.
Though sugar output in Brazil is expected to decrease the global output will have a surplus. Sugar output in Brazil is likely to drop to 36.3 million tonnes from 38.5 million tonnes compared with last season.
India is expected to produce around 30 million tonnes this season as against 31.2 million tonnes last season, he said.
Sugar output in Thailand is expected to increase to 85 million tonnes from 66 million tonnes last season and the country‘s sugar exports are likely to increase from 3.9 million tonnes to 5.8 million tonnes, he said.