Global sugar output is predicted to reach 186 million tons in 2024-25, up 1.38% from the USDA’s projection of 183.5 million tons in 2023-24 Production in India and Thailand is expected to offset the drop in Brazil, which is expected at 44 million tons due to dry weather. Thailand’s output is predicted to jump 16.4%, while India’s will increase by 500,000 tons. Global exports are expected to fall by 3.53%, with large declines in Brazil, Thailand, and India. Global consumption is expected to reach 178.8 million tons, with global stockpiles declining by 4.67% to 38.34 million tons.
Source: Canal Rural (*Translated by Ia Niani)
GLOBAL SUGAR PRODUCTION EXPECTED TO INCREASE IN 2024/25, USDA PREDICTS
Published On - 31 de May de 2024