US Agriculture: Growth in the markets of China, India and Russia raises the expected consumption of sugar globally

Published 2021년 11월 24일

Tridge summary

The US Department of Agriculture's report forecasts a rise in global sugar consumption for the 2021/2022 marketing year due to growth in China, India, and Russia, despite a decrease in stocks due to declines in China, Indonesia, and Thailand. The department expects global sugar production to remain stable at 181 million tons, with Mexico's production expected to reach 6.3 million tons. In Egypt, sugar production and consumption are expected to remain roughly the same as last year, with exports and imports also expected to remain steady. Egypt ranks 11th in expected global sugar production for the year.

The report also mentions an investment project in Egypt to reclaim and cultivate 181,000 feddans, with a total investment of about $1 billion, which is expected to contribute to covering 75% of Egypt’s sugar imports by producing nearly one million tons annually. This project includes the production of sugar from beets in the West Minya region, in agreement with the General Authority for Reconstruction Projects and Agricultural Development and the Canal Sugar Company.

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

Original content

A report issued by the US Department of Agriculture expected a rise in the volume of global consumption of sugar in the current marketing year 2021/2022 due to growth in a number of markets, including China, India and Russia, adding that the volume of stocks decreased due to the decline in China, Indonesia and Thailand. The report predicted that the volume of global sugar production would remain stable in the current marketing year 2021/2022 at 181 million tons, expecting that the decrease in Brazil’s production would be offset by increases in the European Union, India, Russia and Thailand. sugar exports He also expected that the rates of sugar exports in the world would remain constant; The sharp rise in Thailand's trade volume will be offset by a decrease in shipments from Brazil. He predicted that the volume of sugar production in Mexico would reach 6.3 million tons in the current marketing year, as rains contributed to alleviating many of the persistent drought effects that ...

Source: Almalnews