the primary reason for the sugar price rise in global markets the deficit forecast by global majors for the crushing season 2015-16 as against surplus of 2014-15. Leading global research firms like Kinsman has forecast global sugar deficit of 3.2 million tonnes in the current crushing season as compared to 3.4 million tonnes of surplus last year.
With downward revision in sugar output in India at 27 million tonnes for 2015-16 season, 2% decline from the previous year, production surpasses consumption by 3.5 million tonnes.
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