GLOBAL SUGAR MARKET EXPECTED TO HAVE A SURPLUS OF 5.5 MILLION TONS IN THE 24-25 SEASON

The Czarnikow company forecasts a global sugar surplus of 5.5 million tons in the 2024-25 season due to the increase in production, estimated at 186.5 million tons, despite a slight reduction compared to previous forecasts. Brazil leads the way in production, with records, while the EU and Thailand are recovering. Global consumption is expected to surpass 180 million tons, slightly lower than prior predictions but consistent with population increase. Global sugar supplies are now somewhat adjusted, with the International Sugar Organization recently revising upwards the projected deficit for the 2023-24 season to 2.954 million tons.
Source: ForbesAgro (*Translated by Ia Niani)