date:Feb 27, 2019
cane even if they are not paid immediately since prices paid to growers are government mandated. Lower cane production in India would be the result of weather, not the decision to produce less, he said.
Mr. Huff noted that global sugar stocks were record high this year and highly concentrated in India. He said there may be a global sugar deficit (consumption exceeding production) in 2019-20, but carryover stocks still may be high.
Mr. Fessler said a global sugar surplus near 18 million tonnes