ISO raises 2018/19 global sugar surplus forecast


The global sugar surplus is expected to rise to 1.83 million metric tonnes in the 2018/19 season, up from a previous estimate of 641,000 tonnes, according to The International Sugar Organization (ISO) forecast.

ISO said in a quarterly report that the increase reflects impressive production in India and Thailand as well as decline in sugar consumption.

Global sugar production in 2018/19 is expected at 178.75 million tonnes, high from a previous projection of 178.68 million. It is anticipated that Brazil will aid in reducing the more sugar surplus globally with a fall in the country’s sugar output. Higher diversion of cane to ethanol is one of the primary reasons for the drop in Brazil’s sugar output in 2018-19.

According to the report, the higher diversion of cane to ethanol in Brazil is likely to take nearly 10 million tonnes of sugar away from the global market this year.


Please enter your comment!
Please enter your name here