(Bloomberg) -- Rising sugar production will create a world surplus 18 percent larger than previously forecast for the year to Sept. 30, the International Sugar Organization said.
Raw sugar output may reach 161.5 million tons this year, up from 160.2 million forecast in February, said Peter Baron, chief executive of the London-based agency in an interview in Mumbai. Consumption may stay unchanged at 153 million tons, he said.
Read more at Bloomberg Commodities News
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