NEW YORK: Global sugar production will fall short by 2.4 million metric tons of the expected consumption in the 2023/24 crop year that started in October, said consultancy CovrigAnalytics in a report on Monday, raising its supply deficit estimate by 200,000 tons.
It said rising production in Brazil, Russia and China will not be enough to offset heavy losses in production in India and Thailand, mainly, where crops suffered with insufficient humidity.
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