The global sugar consumption curve is likely to be changing after bad outcomes in recent seasons, says Archer Consulting. “If we compare 2020/2021 global consumption to the average numbers of the last three years, we see a small growth of 0.21%, bringing concern for the coming years. However, we noticed that the consumption curve has changed”, Archer says. According to the entity, this more optimistic scenario is because of a number of factors, such as better income for countries with higher per capita consumption, population growth, replacing corn syrup with sugar, as in the United States, besides potential new consumer countries. “The combination of these factors points to a global sugar consumption growth of about 1% per year over the next 6 years”, said the entity. Archer’s forecas is that in the 2026/27 harvest, global sugar consumption will reach 184.4 million tons, up 6% from current levels, with India, Indonesia, Pakistan, Bangladesh and Iran being responsible for this increase in the global demand.
Source: Notícias Agrícolas (*Translated by Ia Niani)