ISO predicts a shortage of sugar in the world in 2018/20 Mr
Experts ISO in a new quarterly report sharply reduced estimates of expected in 2018/19 season world sugar surplus forecast in August of 6.75 million tonnes to 2.17 million tonnes due to a significant reduction in production forecasts for Brazil, India, Pakistan and the EU.
the valuation surplus in 2017/18 MG reduced from 8.6 to 7.28 million tons.
ISO noted that global production growth is no longer expected, and together for two seasons, the global surplus is reduced by 5,892 million tons.
compared with the August report, the forecast of world production in 2018/19 Mr reduced from 185,22 to 180,49 million tons, which is inferior to the previous season – 182,7 million tons.
production Estimates for Brazil reduced by 2.2 million tonnes and India with 2 million tons, the EU – 750 thousand tons, Pakistan – 400 thousand tons
Such significant changes cannot be offset by the lower volumes reductions for other manufacturers - announced ISO.
According to preliminary estimates of experts, in 2019/20 MG in the sugar market will be a small deficit of 2 million tons.
a Slight surplus of the 2018/19 season amid a sharp reduction in the production of the major players will lead to the transition of the market into a phase of scarcity.
Yesterday in American stock exchanges quotes for sugar fell by 3.2% to 272,4 $/t and in total during the month by 12.2%. The reason for the fall in prices remains considerable volume of supply of sugar of the new harvest and the slump in oil prices and the falling demand for sugar cane from manolovo industry.