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International Sugar Organization sees a significant reduction in the global sugar surplus for 2018-19

Updated : March 11, 2019 05:26 PM IST

International Sugar Organization on Monday said it can see a significant reduction in the global surplus for 2018-2019.

In an interview to CNBC-TV18, Peter De Klerk, senior economist, said, "Indian production will be around 32 million tonne down marginally from the last year."

"India is intending to be a major exporter this year. So, all focus is on India for now and the prices that are in the market," Klerk said.
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