Guide Posts
What is the current supply outlook of sugar?
Sugar
Brazil
By Jinwoo Cheon
Updated Oct 21, 2021
The current supply outlook of sugar is that there is an unbalanced offer of supply due to the pandemic. The supply significantly changed from a deficit of 5 million tons to a surplus of 10 million tons.
From a deficit of 5 million tons to a surplus of 10 million, the world is currently experiencing an unbalanced offer of sugar supply after COVID-19. On one hand, Brazil is expected to have a super harvest in 2021 with a 35% increase. Thailand and India are also expected to recover their production levels. Because the global consumption of sugar is still suffering from the lockdown, it is directly impacting this commodity.
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