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Sugar Production Up Globally in 2021/22, Stable in the United States and Mexico
26.05.2021 13:02 "Agro Perspectiva" (Kyiv) —
According to the report of the USDA Sugar: World Markets and Trade (May 2020), Sugar production in the United States and Mexico is expected to be flat in Marketing Year (MY) 2021/22 at 14.6 million tons (raw value). Sugarbeet production in the United States is up based on historical regional trends. Excellent sugarbeet planting progress through early May is expected to offset declines in Louisiana sugarcane production in the United States from record production last year. Sugarcane yields are expected down in Mexico as a result of ongoing drought and poor soil quality. U.S. imports are down based on projected quota programs and the calculation of U. S. Needs as defined in the amended Suspension Agreements. Consumption is forecast flat while stocks are lowered with the drop in U.S. imports. Global production is forecast up 6 million tons to 186 million as higher production in the EU, India, and Thailand will more than offset the decline in Brazil. Consumption is forecast to rise to a new record due to growth in markets such as China and India. Exports are forecast up as the increase from Thailand along with strong exports from India will more than offset lower exports from Brazil. Stocks are forecast lower as stocks in Thailand are drawn down in favor of higher exports. (Note: the marketing year for Thailand starts in December, whereas the marketing year for Brazil starts in April).
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