date:Jul 28, 2014
The global sugar market will face a mild deficit in 2014/15 due to weather risks in key producers and rising consumption, after a moderate surplus in the prior season, a Reuters poll showed on Thursday. According to the survey of 17 respondents, the sugar balance will swing to a 1.2-million-tonne deficit, driven by forecasts of rising demand and concerns over the impact on crops of a likely El Nino weather pattern in the fourth quarter of 2014.
The Reuters poll reported a median global sugar s