date:Sep 16, 2015
Lower production
The agency lowered its forecast for 2015-16 sugar production, to 182.0m tonnes, from 182.6m tonnes.
This compares to production of 183.0m tonnes last year.
And consumption will rise by 2% from last year, to 184.7m tonnes, in line with Abares forecast three months ago, meaning that the sugar deficit, the degree to with demand outstrips supply, is seen at 2.7m tonnes.
The International Sugar Organisation last month forecast the size of the coming sugar deficit at 2.5m tonnes.