News International Sugar Journal

Global sugar deficit set to continue [Registered]

Czarnikow has increased its estimate for the 2010/11 global sugar deficit to 3.7 million tonnes, up from its previous deficit forecast of 2.8 million tonnes, as adverse weather in key producing countries takes its toll. The analyst reduced its global production forecast to 165.6 million tonnes, down 2.8 million tonnes t from its previous forecast. “The 2010/11 balance was swung further into deficit as early hopes of a return to surplus proved too optimistic,” the group said in a statement. However, Czarnikow also trimmed its forecast for consumption by 1.2 million tonnes, attributing the decline to slowing physical offtake at…

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