LONDON - Green Pool on Wednesday widened its global sugar deficit forecasts for the 2015/16 and 2016/17 seasons to reflect diminished production prospects in Asia largely due to the impact of the El Nino weather phenomenon.
The Australia-based analysts raised their 2015/16 deficit forecast to 6.65 million tonnes, raw value, up from a projection of 4.14 million issued in January.
Green Pool also increased its forecast for a projected deficit in 2016/17 to 4.95 million tonnes from 4.17 million.
