Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News > News

Global 2020/21 Sugar Production is Estimated Higher United States, India, and Brazil Up 10 to 40 Percent

25.11.2020 12:01 "Agro Perspectiva" (Kyiv) According to the report of the USDA Sugar: World Markets and Trade (November 2020), global production for Marketing Year (MY) 2020/21 is estimated up 16 million metric tons raw value (tons) to 182 million, with Brazil expected to account for three-fourths of the surge. Consumption is expected to rise due to growth in

markets such as India, China, Indonesia, and Iran and is estimated to draw stocks lower despite a rebound in output. Exports are expected to be up sharply with

rising supplies (particularly in Brazil).

2020/21 Sugar Overview

U.S. production is forecast up 10 percent to 8.2 million tons, due to greater harvested area and yields for sugarbeets and sugarcane. With higher production, imports are forecast more than 25 percent lower at 2.7 million tons. Imports are based on projected quota programs and the calculation of U. S. Needs as defined in the U.S./Mexico Suspension Agreements. Consumption is forecast slightly lower but is still the second largest on record, while stocks are projected down 19 percent due to the lower imports.

Mexico sugar production is forecast to recover 13 percent to 6.3 million tons on favorable weather and growing conditions after an historic drought hit the previous years crop. Consumption is projected down slightly as it faces many challenges, ranging from a weak economy affecting consumer purchasing power to new front-of-the pack labeling for products that exceed critical thresholds of certain nutrients (e.g. fats, sugars, sodium, etc.). Exports are forecast higher, projected at the expected level of U. S. Needs, as defined in the Suspension Agreements, and some exports to other markets. Stocks are up based on the calculated stock level needed to cover 2.5 months of consumption.

Brazil production is forecast to rebound 12.1 million tons to 42.1 million due to higher returns to sugar compared to ethanol and overall favorable weather. Approximately 48 percent of the sugarcane crop is expected to be processed for sugar and 52 percent for ethanol, versus last years 35 and 65 percent split, respectively, as the COVID-19 pandemic and social distance measures have reduced fuel use. While consumption is expected to be down, stocks and exports are forecast to rise with the higher available supplies.

India production is forecast to rebound 17 percent to 33.8 million tons on higher yields and area. Consumption is forecast at a record 28.5 million tons due to a growing economy while exports are expected to be up slightly to 6.0 million tons as supplies remain high. Stocks are estimated at levels that could meet 7 months of consumption.

Production in the European Union is forecast at 16.1 million tons, down for the third year in a row. The drop is due to lower yields, which stem from 3 straight years of drought, combined with severe damages from beet yellows virus disease, which has hit France particularly hard.

Consumption is unchanged while imports are estimated higher and stocks are forecast down with the drop in production.

Thailand production is forecast to decline to 7.9 million tons, down 5 percent as drought has driven reductions in area, yields, and extraction rates.

Consumption is expected to increase on higher demand for direct sugar consumption and food services. Exports are forecast up slightly while stocks are forecast to be down for the second year in a row.

China production is forecast to remain relatively steady, up slightly to 10.5 million, due to higher beet sugar production.

Consumption is forecast to return to pre-COVID levels as the food and beverage industry is expected to fully recover from the fallout of the COVID-19 crisis. Imports are up slightly with the rebound in consumption, and stocks are expected to fall for a sixth consecutive year as government policies continue to discourage stockholding.

Pakistan production is forecast up 14 percent to 6.0 million tons due to higher area. Consumption is forecast to grow modestly on growing population and an expanding domestic food processing sector. Exports are forecast down while stocks are expected to be higher with the increase in supplies.

Australia production is estimated to be flat at 4.3 million tons due to lower yields on greater area. Consumption is up slightly while exports are down due to the lower available supplies.

Indonesia, Japan, and South Korea are Australias top markets and are expected to account for over 80 percent of exports.

South Africa production is estimated down slightly to 2.2 million tons due to reductions in cane quality and volume delivered to the mills and lower mill efficiencies. Consumption is up based on higher demand during the national lockdown from at home consumers, resulting in an increase in activities such as cooking and baking. Exports and stocks are down due to the lower production.

Malaysia is the top market accounting for over half of exports.

Dominican Republic production is forecast up 3 percent to 610,000 tons due to favourable weather conditions. Consumption is up slightly due to the expected recovery in tourism and brighter prospects for small and medium-sized processing companies that are currently limiting operations due to the COVID-19 pandemic. Exports are forecast down to 190,000 tons with the United States expected to be the only major export market (this volume is similar to the allocation for the U.S. tariff-rate quota). Stocks are expected to be higher due to greater supplies.

Agro Perspectiva

< HPAI Detected in Commercial Flock in Denmark All news for
25.11.2020
Poland has been the EUs largest turkey meat producer since 2017 >

18.09.2023  
13:55 Ukraine will sue Poland, Hungary and Slovakia over agricultural bans
15.09.2023  
21:02 Following the expiry of the restrictive measures on Ukrainian exports of grain and other foodstuff to the EU, Ukraine agrees to introduce measures to avoid a renewed surge in EU imports
13.09.2023  
17:54 Biodel AG Secures Series A Investment from Pangaea Ventures to Advance Novel Regenerative Agriculture Technologies
07:25 Rice Export Prices Highest in 15 Years as India Restricts Trade
11.09.2023  
17:54 Export Bans, Black Sea Tensions, Affecting Food Markets - WTO Agriculture and Commodities Division
09.09.2023  
18:36 Global cereal production forecast to match past record - FAO
14.08.2023  
13:22 EBRD provides EUR60 million guarantee to support lending by Ukraines PrivatBank
13:18 Supporting small business in the west of Ukraine via Bank Lviv
12.08.2023  
18:35 Russia Withdraws from Black Sea Grain Initiative
04.08.2023  
19:32 Falling international maize and sugar prices partly offset notable jumps in wheat and vegetable oil quotations
28.07.2023  
19:25 Cargill and partners announce first Gold Standard-approved methane emissions reduction methodology for beef producers
19:21 FAO welcomes European Union contribution of 25 million to advance wildlife conservation and food security
18:55 BASFs earnings in tough market environment significantly below strong prior-year quarter
24.07.2023  
00:45 Brazil continues to make export gains and set new records for beef, pork, and chicken meat
23.07.2023  
22:25 122 million more people pushed into hunger since 2019 due to multiple crises, reveals UN report
22.07.2023  
08:17 U.S. dairy exports to Southeast Asia have been weak to start 2023
13.07.2023  
07:00 Russia Exports Record Wheat Volumes; Ukraine Exports Plummet
08.07.2023  
09:00 FAO Food Price Index continued declining in June
06.07.2023  
20:10 Global agricultural and food production are projected to continue to increase over the next ten years
04.07.2023  
19:54 EBRD supports Ukrainian city of Dnipro with EUR25 million loan
09:03 Nibulon invests EUR 27 mln in construction of granary, flour mill in Izmail
23.06.2023  
08:57 World coffee production for 2023/24 is forecast 4.3 million bags higher than the previous year to 174.3 million
08:55 Mexicos Production Recovering from Coffee Leaf Rust
22.06.2023  
04:05 EBRD and Ukraine government to mobilise 600 million for Ukraine energy security
21.06.2023  
20:26 EBRD and Ukraine government to mobilise EUR600 million for Ukraine energy security
11.06.2023  
15:55 Argentina ramps up soybean imports from Paraguay and Brazil
10.06.2023  
04:35 World Oceans Day must be Humans Day: FAO Fisheries chief
09.06.2023  
11:24 EU extends trade benefits for Ukraine
05.06.2023  
11:25 2023/24 Grain Production Exceeds Consumption
02.06.2023  
11:45 Rebound seen for global cereal output, with worldwide stocks set to hit record levels
11:35 Significant drops in international quotations for wheat, maize, vegetable oils and cheese, while prices of rice, sugar and meat rise
01.06.2023  
11:56 Conflict Drives Acute Hunger in the Democratic Republic of Congo - UN agencies warn
31.05.2023  
12:29 Three New Foods and Their Applicable Food Safety Standards
30.05.2023  
11:55 Haiti: Nearly half of the population is facing acute hunger
11:34 Increasing risk of hunger set to spread in hotspot areas as the Sudan crisis spills over into subregion and el Niño looms - warns new UN report
28.05.2023  
12:51 Black Sea Grain Initiative not fully resumed UN
25.05.2023  
15:52 Ukrainian FM urges African Union to demand that Russia stop obstructing work of grain corridor
20.05.2023  
11:49 Grain initiative talks continue considering proposal of UN Secretary General Dpty Minister of Restoration
05.05.2023  
14:45 The FAO Food Price Index rebounded slightly in April
28.04.2023  
09:15 Yara . 1Q results impacted by falling prices, but tighter nitrogen market into 2Q
21.04.2023  
22:10 Ukraine sees no reason to ban Ukrainian grain imports by EU countries - Solsky
18.04.2023  
21:45 $5 million from FAO-China South-South Cooperation Programme will assist in building more resilient agrifood systems
21:05 China Becomes Worlds Largest Wheat Importer in 2022/23
14.04.2023  
09:52 EBRD and Spain join forces to support Ukraines food security and municipal sector
05.04.2023  
13:10 Astarta starts 2023 planting season
31.03.2023  
00:27 War in Ukraine continues to impact EU farmers
28.03.2023  
22:17 Ukraine sends 150,000 tonnes of wheat to Asia
12:00 Global onion prices are at record-high levels due to a global shortage of onions
12.03.2023  
06:17 It will enrich Egypt if a kilo of onions costs HUF 1,000
10.03.2023  
11:03 Plummeting Argentina Soybean Production Impacts Global Soybean and Products Trade

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2023 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com