ISO sees global Sugar surplus of 1.83 MT in 2018-19
Commodity Online | June 11 2019
UPDATED 10:42:14 IST

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The International Sugar Organization (ISO) has raised its forecast for 2018-19 global sugar surplus to 1.83 million tonnes, up from its previous estimate of 641,000 tonnes, thanks to increased production in India and Thailand as well as a diminished outlook for sugar consumption.

Global sugar production in 2018/19 (October/September) was seen at 178.75 million tonnes, marginally above a previous projection of 178.68 million, with a decrease in output in Brazil helping to limit the extent of the rise, the inter-governmental body said in a quarterly report, Reuters reported.

Expected sugar consumption in 2018-19 was revised down to 176.91 million tonnes, from the previous forecast of 178.04 million tonnes, ISO said.

 

Commodity Arrivals Rate
Mustard Oil 4.8 9800.00
Coconut Oil 30 16050.00
Arecanut 35 5000.00
Sugar 452 3252.00

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