Sugar Market News

Stay up to date with the latest sugar market news and analysis.

Global Sugar Production Up, But Stocks and Exports Forecast to Decline

Global sugar production is expected to rise slightly in the 2023/24 marketing year, but stocks and exports are forecast to decline, according to the latest sugar report released by the USDA. The report projects global sugar production to reach 186 million metric tons (MT), a 2.5-million-ton increase from

Mexico Sugar Production Revised Upward, US Beet Sugar Output Trimmed

Mexico's sugar production for the 2023/24 marketing year has been revised upward, while US beet sugar production estimates have been trimmed, according to the World Agricultural Supply and Demand Estimates (WASDE) report released by the USDA last week. The report projects Mexico's sugar output to

Thailand Sugar Production Set to Rebound as Exports Surge

Thailand's sugar production is expected to rebound in the 2024/25 marketing year, driven by a recovery in sugarcane production and increased sucrose yields, according to a recent report by the USDA's Foreign Agricultural Service (FAS). FAS forecasts sugarcane production to reach around 96 million metric
Thailand Sugar Production Set to Rebound as Exports Surge

Brazil Sugar Production Hits Record High: Reuters

Brazil's sugarcane crop for the 2024/25 season is expected to decline slightly from the previous year's record high, while sugar production is projected to reach an all-time peak, according to a report by the Brazilian government agency Conab cited by Reuters. Conab forecasts the total

India's Sugar Consumption Heats Up Amidst Election Fever and Scorching Temperatures

India's sugar consumption is expected to reach record highs this year as a confluence of factors, including a blistering heat wave and ongoing elections, drive up demand, according to a report by the Economic Times. The report highlights the significant role of summer weather in boosting sugar consumption

Philippines Ample Sugar Stocks May Eliminate Import Need | Philstar

The Philippines may not import sugar in 2025 due to ample stocks from previous imports and steady production, according to the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS) in Manila, as reported by The Philippine Star. USDA-FAS Manila projects the country will produce 1.85 million metric tons of

US Sugar Supply on the Rise with Increased Imports

The U.S. sugar supply for 2023/24 is expected to increase, despite a decrease in domestic production, according to a recent report from the U.S Department of Agriculture. The report forecasts a rise in imports, particularly from sources other than Mexico, to compensate for the lower domestic output.

Mexico's Sugar Production Falls to 25-Year Low

Mexico's sugar industry is facing significant challenges, with production expected to hit a 25-year low in 2023/24, according to the USDA's April report on sugar and sweetners. This decline is attributed to a combination of unfavorable weather conditions, rising input costs, and reduced harvested area.

Asia Sugar Market Faces Supply Constraints and Shifting Import Demand in Early 2024

The Asian sugar market enters 2024 navigating challenges posed by reduced sugarcane output and evolving import demand dynamics, according to a report by S&P Global. The report highlights the impact of El Niño on sugarcane production in key Asian countries. Thailand's cane crush and sugar production
Asia Sugar Market Faces Supply Constraints and Shifting Import Demand in Early 2024