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Sugar shortfall view raised to 2.4m tonnes

A customer buys refined sugar at a trade fair, held in Muang Thong Thani, Nonthaburi province. (File photo: Tawatchai Kemgumnerd)

NEW YORK – Global sugar production will fall short by 2.4 million metric tonnes of the expected consumption in the 2023/24 crop year that started in October, said consultancy CovrigAnalytics in a report on Monday, raising its supply deficit estimate by 200,000 tonnes.

It said rising production in Brazil, Russia and China will not be enough…

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