Indonesia aims to increase white sugar production by 8.3% in 2023

Published 2023년 6월 6일

Tridge summary

Indonesia produced 2.4 million tons of white sugar in 2022 but consumed 3.4 million tons annually, resulting in an expected sugar import of less than 1 million tons for 2023, a decrease from the previous year. On the other hand, Ukraine's sugar production for the 2023/24 marketing year is projected to increase by 13%, reaching 1.5 million tons, primarily due to an expansion in sugar beet cultivation. The European Union is anticipated to become the largest market for Ukrainian sugar.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Bapanas, the Southeast Asian country produced 2.4 million tons of white sugar in 2022 and consumed 3.4 million tons of sugar annually. Minister Bapanas Sarwo Edhy said that sugar imports this year are expected to be less than 1 million tons, lower than imports of more than 1 million tons last year. Previously, Indonesia planned to import 991,000 tons of white sugar for household consumption and 3.6 million tons of raw sugar for industrial use in 2023. According to the FAS report, Ukraine's sugar production in the 2023/24 ...

Source: Vinanet