WORLD: ISO sees possible sugar deficit in 2003/04
The International Sugar Organisation (ISO) has said that there is a possibility of a slight world sugar deficit in 2003/04 while prices are likely to remain largely at current levels. "There is a possibility that the situation on the world sugar market will get worse next year. So there is a possibility of a world sugar deficit, but a very tiny possibility," Sergei Gudoshnikov, the ISO's chief economist, told Reuters.
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