London: The International Sugar Organization (ISO) on Tuesday forecasted global sugar deficit in the season 2020-21.
According to the news report by Reuters, ISO estimated a global sugar deficit of 724,000 metric tonnes. Also, it forecasts increased in global sugar consumption by 2.6 per cent to 174.19 million tonnes. Whereas, production is also estimated to increase by 2.3 per cent to 173.46 million.
The rise in global sugar production is expected mostly due to a recovery in India’s sugar production to 31.5 million in the upcoming season.
ISO said, ” The Corona pandemic will not end until a vaccine is found. The impact on global sugar consumption has so far been defined as a function of a restriction in movement and out-of-home consumption rather than a change in personal consumption habits.”
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