Global sugar deficit of 6,7 million tonnes seen in 2019/2020 — Louis Dreyfus

A global sugar deficit of 6,7 million tonnes is seen developing in 2019/2020, following a 401,000-tonne surplus in the previous season.

Luca Meierhofer, head of global cash trading at Louis Dreyfus Company, said on Wednesday, Reuters reports.

Production in historic top-producer Brazil is seen rising only slightly in the season to 26,7 million tonnes, from 26,5 million tonnes in 2018/2019, Meierhofer said. The sugar mix is also seen increasing only slightly, to 35,3% from 35,2% in the previous year as Brazil’s demand for ethanol remains robust.