Nicaragua's sugar production expected to be stable in 2022/23

Published 2022년 4월 20일

Tridge summary

Despite political instability in Nicaragua, the country's sugar production is expected to remain stable in 2022/23, with an estimated total of 780,000 tonnes, according to the USDA attaché. This stability is attributed to investments in mechanization, irrigation, and cogeneration of electricity. However, the report also highlights potential negative factors for sugarcane production, including access difficulties and high prices of fertilizers and fuels. The harvest is estimated to be around 7.2 million tons, similar to the previous season, and domestic consumption is expected to slightly increase to 285 thousand tons. However, sugar exports are predicted to decrease from 500 thousand tons to approximately 495 thousand tons for 2022/23.

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

Original content

Nicaragua's sugar production is expected to remain stable in 2022/23, totaling 780,000 tonnes, according to the United States Department of Agriculture (USDA) attaché in the Central American country. According to the document, investments in mechanization, irrigation and cogeneration of electricity helped the sugar industry to protect itself from political instability in Nicaragua. However, according to the attaché, access difficulties and the prices of fertilizers and fuels may negatively affect sugarcane production in 2022/23. The sugarcane harvest is preliminarily estimated at 7.2 million tons, practically the same volume as in the previous season. In ...

Source: Novacana