date:Mar 16, 2016
, the extent to which supply outstrips demand, by 2.1m tonnes to 6.8m tonnes.
As a result of the projected deficit, by the end of 2015-16, the global stocks-to-consumption ratio is expected to dip very slightly below its ten-year average level, suggesting a return to a more balanced supply/demand position, Rabobank said.
Ideas of deficit increase
Rabobank is the latest in a series of market players to increase its idea of a sugar defect this year.
Separately on Monday, FO Licht raised it for