ISO sees global sugar deficit of 3.8 mln t in 2021/22

The International Sugar Organization (ISO) on Friday forecast a global sugar deficit of 3.8 million tonnes in the 2021/22 season.

It is reported by hellenicshippingnews.

That is up from an ISO forecast in May for a 2.6 million tonne deficit.

The inter-governmental body in a quarterly market outlook saw production rising a marginal 0.2% to 170.6 million tonnes in the upcoming season, which begins in October, while consumption was expected to increase by 1.6% to 174.5 million.