The International Sugar Organization on Monday forecast a global sugar deficit of 4.76 million tonnes in the 2019/20 season, driven partly by lower production in India and Thailand. The inter-governmental body, in its first full outlook for the 2019/20 season which begins on October 1, saw global production falling by 2.35% to 171.98 million tonnes, while consumption will rise by 1.34% to 176.74 million.

Copyright Reuters, 2019