Global sugar market expected to record a surplus of 5.5 million tons in the 2024/25 season, Czarnikow reports

The global sugar market is about to record a surplus of 5.5 million tons in the 2024/25 season (October-September), driven by increases in production in key regions, according to a report from Czarnikow (CZ), a sugar services company. supply chain and trading. Czarnikow projects sugar production to reach 186.5 million tons next season, a slight reduction of 0.9 million compared to the previous estimate. Despite this drop, this volume will be the second highest ever recorded, thanks to record production in Brazil, the world's largest producer, and recoveries in the European Union and Thailand. The expectation is that global sugar consumption will exceed 180 million tons in 2024/25, a reduction of 1 million tons compared to the previous estimate. However, this number still follows the continuous increasing trend observed in recent years, driven by population growth. Currently, global sugar supplies are relatively tight. The ...