Global sugar shortage outlook raised by green pool on El Nino

Global sugar shortage outlook raised by green pool on El Nino 


Global sugar shortage outlook raised by green pool on El Nino
A global shortage of sugar will be larger than previously expected in the next season as El Nino-induced droughts hurt crops in Asia. 

According to Australia based research organization, Green pool commodity specialists, the world is heading for a second straight annual deficit, following half a decade of surpluses.

It says drought is eroding potential production in India, Thailand and China for this season and the next. 

Green Pool also increased its estimate for the 2015-16 shortage.

The researcher now expects a deficit of 6.65 million tons, compared with an earlier forecast of 4.14 million tons. 
Global sugar shortage outlook raised by green pool on El Nino Global sugar shortage outlook raised by green pool on El Nino Reviewed by Ajit Kumar on 7:39 PM Rating: 5

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