Global sugar production in the 2018/2019 harvest is expected to reach 178.7 million tons, down 2.5% from the 2017/2018 season of 183.2 million tons, according to the International Sugar Organization’s quarterly estimate (OIA). Already consumption is expected to increase by 1.6% to reach 176.9 million tons, the organization predicts. In view of these estimates, OIA projects a surplus of 1.8 million tons in the 2018/19 crop, 80% lower than the surplus of 9.1 million tons in the 2017/2018 harvest. Although smaller in the annual comparison, the OIA notes that the surplus is higher than the estimated in February of 600K tons.
Source: Canal Rural