International Sugar Organization Raises Sugar Surplus by 38%

The global sugar surplus for the 2012-13 season started Oct. 1 will be 38 percent bigger than estimated in November partly because of more supplies from top grower Brazil, the International Sugar Organization said.

Sugar production will be 8.5 million metric tons higher than consumption, up from a previous estimate of 6.2 million tons, the London-based organization said in a report e-mailed today. Global production will climb to a record 180.4 million tons, while consumption will total 171.8 million tons, the ISO said. That compares with output at 174.8 million tons in 2011-12 and usage at 168.4 million tons, according to the report.