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India poised to topple Brazil as the world's biggest sugar producer

Global inventory is forecast to rise as "massive stock building" in India counters lower supplies in China and the EU, the USDA unit said

Sugar

Brazil, traditionally the world’s top sugar producer, is poised to cede the crown to India for the first time in 16 years. Production in the Asian country this season may rise 5.2 percent to a record 35.9 million metric tons on increasing acreage and improving yields, the U.S. Department of Agriculture’s Foreign Agricultural Service said Tuesday in a report. Brazil’s output may tumble 21 percent to 30.6 million tons because of adverse weather and a shift to produce more cane-based ethanol. Global production is forecast to fall 4.5 percent to 185.9 million ...