Global sugar consumption to rise to a new record — USDA
Global production is forecast up 10.6 million tons to 187.9 million with higher production in Brazil and India expected to more than offset a decline in Russia.
It is reported by USDA in its May report.
Consumption is anticipated to rise to a new record due to growth in markets such as India and Pakistan. Exports are forecast higher as Brazil, India, and Thailand are expected to offset lower exports from Pakistan. Stocks are forecast lower in markets including China, to help meet domestic demand, and India and Thailand in favor of higher exports.