Global sugar production 22/23 is forecast up almost 2 mln t — USDA
Global sugar production is forecast up 1.7 million tonnes — to 182.9 million tonnes as higher production in Brazil, China, and Russia is expected to more than offset declines in India and Ukraine.
It is reported by USDA in its May report.
Consumption is anticipated to rise to a new record due to growth in markets including China, India, Indonesia, and Russia.
Exports are projected down as the drop in India more than offsets higher exports from Brazil and Thailand.
Stocks are forecast lower as growth in global consumption exceeds the rise in production.
China is forecast to import less in favor of drawing down stocks for its consumption. Thailand is expected to draw down stocks in the face of strong global demand.