World will be as close to running out of sugar as it can be – Moauro Virgion

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World’s top Sugar treated sees 6th year of shortage a head. The world’s largest sugar treated expects a 6th straight year of deficits in the coming season as a poor out look for India’s crops is set to drive down global stock piles of the sweetener. The way world will be as close to running out of sugar as it can be,said Moauro Virgion,trading intelligence lead at Alevan, a trading house controlled by Brazilian producer copersucar SA . Extreme weather in India will probably keep the world’s no 2 supplier from sipping any sugar overseas for the season starting in October, according to Virgion . Below average monsoon rains will also probably keep Indian farmers from planting sugar Ken , harming future production,he sad an interview.

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