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ISO reduces sugar output prospects in India, sees 3.8 mln tonnes global deficit in 2016/17

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Reuters LONDON
Last Updated : May 13 2016 | 3:58 PM IST

LONDON (Reuters) - The International Sugar Organization (ISO) forecast on Friday a 2016/17 global sugar deficit of about 3.8 million tonnes on rising consumption and reduced output prospects in number 2 producer India.

The London-based ISO, in its latest quarterly report, raised its 2015/16 global sugar deficit forecast to 6.65 million tonnes, from its previous forecast made in February for a deficit of 5.0 million tonnes.

(Reporting by David Brough; Editing by Susan Thomas)

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First Published: May 13 2016 | 3:46 PM IST

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