Czarnikow raises global sugar surplus forecast for 2024/25

Czarnikow has revised its global sugar surplus forecast for the 2024/25 season upwards, now estimated at 4.7 million metric tons, due to projected growth in Colombian production. The supply chain services company had previously estimated a surplus of 4.5 million tons. According to the report, global supply for 2024/25 is expected to reach 184.7 million tons, up 0.4 million from the previous projection and up from 181.5 million tons last season. “The slight increase in our global production estimate reflects positive adjustments to the projections for Colombia, where we expect sugar production to ...