ISO forecasts global sugar deficit of 3.8 million tonnes in 2021-22 season

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London: According to the International Sugar Organization (ISO), the global sugar deficit in the 2021-22 sugar season is forecasted to be 3.8 million tonnes

ISO had in May predicted the global sugar deficit to be 2 million tonnes but the unfavourable conditions in major sugar-producing countries led to an increase in sugar deficit to 3.8 million tonnes.

ISO released its quarterly report in which it made the predictions. It has also stated that the sugar production is rising by 0.2% to 170.6 million tonnes in the forthcoming season as against the consumption is increasing by 1.6% to 174.5 million.

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