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ISO reduces sugar output prospects in India

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.

(Reuters)

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