Pune: International Sugar Organisation (ISO) has predicted that there will be a sugar deficit in 2019-20 season over surplus production in the last few years.
In such a scenario, India having surplus sugar will be benefitted. ISO has encouraged neighbouring countries like Bangladesh, Myanmar, Afghanistan and Indonesia to import sugar from India. Jose Orive, executive director of the International Sugar Organisation (ISO) said that this will help in stabilising the demand-supply situation.
Speaking on the side-lines of the 2nd International Conference on Sustainability – Innovation & Diversification in Sugar and Allied Industry in Pune, he projected a global sugar deficit of 6.1 million tonne with global production shrinking by 5.5 million tonne to only 170.4 million tonne.
To meet a global sugar deficit, global buyers have been targeting the Indian market. Global sugar production will decrease due to the fall in sugar production in India and Thailand and USA.
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