date:Feb 26, 2016
r earlier, the millers said.
Raw sugar prices jumped 8.9 percent Tuesday amid forecasts for a production deficit in the current crop year and concerns El Nino will affect crops from Asia to Brazil. World output in the 2015-16 season will trail consumption by 5.02 million tons, compared with a November estimate for a 3.5 million-ton shortfall, the International Sugar Organization said this week. F.O. Licht GmbH predicts that the deficit will persist into next year.
Continued severe drought has