The decline of sugar production in India will increase the global shortage of

Experts INTL FCStone reduced compared with the August estimate of forecast of sugar production in India in 2019/20 MG by 1.3 million tonnes to 26.9 million tonnes as a result of the world shortage of sugar will increase from the previously projected at 5.9 million tonnes to 7.7 million tonnes, which would reduce the world reserves, which are now pressured prices.

For the EU production estimate was reduced by 200 thousand tons to 16.5 million tonnes for Thailand, which is the second world producer of sugar, left unchanged at 13.2 million tons, although in the previous season, it was 14.9 million tonnes, Thanks to significant reserves of Thailand will export 10 million tons of sugar, which will put pressure on export prices in Brazil.

In India, a powerful downpours caused damage to sugar cane crops, however, have laid a good Foundation for the future harvest. Therefore, even if the condition of the current shortage of sugar prices for it will grow, it will be temporary.

In Ukraine as of November 4, with 178 thousand hectares or 81% of the area collected 7.8 million tonnes of sugar beet with an average yield of 43,8 t/ha, of which recycled of 6.17 million tonnes and produced 909,58 thousand tons of sugar.

In the new season, the 31 ukrainelebi plant, whereas last year they had 42. In 2019/20 MG sugar production will amount to 1.4-1.5 million tons compared with 1.82 million tonnes in 2018/19 MG and 2.4 million tonnes in 2017/18 MG. Low world sugar prices reduce the profitability of sugar beet cultivation, so farmers continue to reduce acreage under them. A record in this year, sugar production in Russia will increase competition and will not allow prices to grow.