Industry predicts global shortfall in sugar output
The New York-based firm says this prediction reflects both falling production and rising consumption. The deficit is far wider than the modest 122,000 tonne shortfall for 2014/15, which followed several seasons when supplies exceeded demand.
“The large surplus that the world has been carrying over the last four years is finally waning,” Platts Kingsman stated in Dubai, where it is hosting the 11th annual Kingsman Dubai Sugar Conference.
