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Australia sugar production for 2022/23 is estimated to rise slightly to 4.4 MMT
23.11.2022 05:44 "Agro Perspectiva" (Kyiv) —
Australia sugar production for 2022/23 is estimated to rise slightly to 4.4 million tons compared to the previous year. On average over the last 10 years, Australia has been the tenth largest sugar producer. Sugarcane production is estimated up at 33.0 million tons in 2022/23. The rise in production is a result of a 5,000-hectare rise in area harvested to 350,000 hectares and above-normal vegetative growth due to favorable rainfall. It is anticipated that the average yield will be virtually the same as the previous year as farmers will likely reduce their fertilizer usage due to a surge in fertilizer prices after Russia’s invasion of Ukraine. For nearly a decade, Australia has been the fourth largest exporter, or better. Sugar exports in 2022/23 are estimated to reach 3.6 million tons, 450,000 tons (14 percent) higher than the year before. This is in part a result of greater production but also an expectation that ending stocks will be drawn down due to continued strong world demand. Indonesia, Japan, and South Korea account for about 85 percent of overall exports while New Zealand, Singapore, and the United States account for most of the rest. The large decline in Indonesia imports from Australia in 2022/23 is related to a return to sourcing from Thailand. Sugar consumption is estimated up 50,000 tons to 900,000 supported by population growth and higher supplies.
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