News summary
the US Department of Agriculture predictsdownloadshamrock7svideopokergameIn the 2024/25 crop season, global sugar production will reach 1.1%.downloadshamrock7svideopokergame.86 billion tons, demand will also reach a historic 1downloadshamrock7svideopokergame.78.8 billion tons. Despite a slight decline in Brazilian production, increases in production in Thailand, India and China will offset the impact, and oversupply is expected to remain.
Newsletter text
[The global sugar market will hit a record annual output of 186 million tons] The latest report released by the U.S. Department of Agriculture predicts that global sugar production in the 2024/25 crop season will climb to a new historical high, reaching 186 million tons.
According to analysis, despite record production, the global sugar market still faces oversupply. Brazil's output this season is expected to drop slightly to 44 million tons from 45.5 million tons in the previous season. However, Thailand's sugar production is expected to grow by 16%, and India and China are also expected to increase, which will be partially offset by increased production.downloadshamrock7svideopokergameBrazil's production fell slightly.
As rainfall patterns in Asia gradually return to normal and the impact of the El Niño phenomenon recedes, Thailand's sugar production is expected to increase by 1.4 million tons to 10.24 million tons.
Sugar production in the Chinese market also showed a positive growth trend. The U.S. Department of Agriculture predicts that China's sugar production in the 2024/25 crop season will increase by 500,000 tons to 10.4 million tons. According to data from the Information Center of the Ministry of Agriculture of my country in mid-May, China's sugar output is expected to reach 11 million tons.
In addition, Mexico, the main sugar importer to the United States, also showed momentum of resuming production growth. Mexico's sugar production is expected to rebound to 5.5 million tons in the 2024/25 crop season from 4.9 million tons in the previous crop season.