ISO lowers forecast for global sugar deficit in 2024/25

In its quarterly update, the organization also estimated a global sugar surplus of 1.31 million tonnes in the previous season 2023/24 (October 2023-September 2024) compared to a deficit of 200,000 tonnes previously forecast. The forecast has been revised from deficit to surplus in the previous season due to lower consumption estimates of 180.05 million tonnes from 181.46 million tonnes previously. The ISO also lowered its consumption forecast for the 2024/25 season. Accordingly, global consumption in 2024/25 has been revised down from 182.87 million tonnes to 181.58 million tonnes. Global sugar production in the ...