2011 to see 5.6MT sugar surplus: Kingsman Dubai

Consultancy Kingsman said on Sunday it forecast a global sugar surplus of 5.6 million tonnes (MT) in 2011/12 (April/March).

In a statement released at the Kingsman Dubai sugar conference, Swiss-based Kingsman also estimated a 2010/11 global sugar deficit of 0.102MT, compared with its previous estimate for a 2010/11 deficit of 0.369MT.

For 2011/12, Kingsman forecast global sugar output of 173.21MT and consumption at 167.60MT.

This reflects an estimated rise of 8.15MT (4.94 per cent) in production in 2011/12 from 2010/11, while consumption is estimated to increase by 2.44MT (1.48 percent.)

Kingsman’s production forecasts for 2011/12 are based on an assumption of “normal” global weather conditions.

The consultancy sees 2011/12 sugar production rising in several key producers such as China and centre-south Brazil, where output is estimated to rise by 1.85MT and 1.19MT, respectively.

Russia’s production is seen rising by 1.52MT in the same period, while output from Pakistan and Thailand is forecast to rise by 0.350MT and 0.205MT, respectively.

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