Green Pool said that the global sugar market "unusual" to return to the deficit after just two seasons of surplus, but a sharp drop in prices last year to levels below cost, led to a reduction in production.
"Surplus 17/18 marketing year. was so great that they had to provoke quick changes," according to Green Pool.
The expected deficit in 2019/20 year was mainly due to the expected reduction of production in Thailand, Pakistan and India.
Green Pool estimates production in India in 2019/20 year at 29,50 million tons.
It is expected that in 2019/20 year the volume of production in the southern region of Brazil will increase to 29.6 million tons with an expected 26.6 million tonnes in 2018/19 year.
Expected recovery after a sharp decline this season, although dry weather in December and January can reduce the production. "It adds an element of risk to the crop 2019/20, and possibly also to the final figure 2018/19 year," said Green Pool.
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Translated by service "Yandex.Translation"
