Global sugar production should jump by 13 million tonnes in the 2017/18 crop year as the European Union, India and Thailand increase their outputs. World sugar output is expected to reach 190.3 million tonnes compared to 176.9 million tonnes in 2016/17, causing the global sugar market balance to turn into a surplus of 2.8 million tonnes after two years of deficits. The global sugar supply deficits of the last two years elevated prices for the sweetener to the highest in 5 years at above 23 cents per pound later last year. Values have been falling since as the market already priced in a likely rebound in production.