Australia’s sugar output likely to rise to 4.2 mln tons in 2024/25, USDA says

Market & Price Trends
Published Apr 19, 2024

Tridge summary

According to the U.S. Department of Agriculture (USDA), Australia's sugar production is expected to see a slight increase from 4.1 million metric tons in the 2023/24 marketing year to 4.2 million metric tons in 2024/25. This growth is attributed to an expansion in the sugar cane harvest area and an improvement in yield. As a result, Australia's raw sugar exports are projected to rise from 3.35 million tons to 3.45 million tons. Despite its relatively small production scale, Australia plays a significant role in the global sugar market, mainly exporting to Japan, Indonesia, and South Korea, driven by its low domestic demand. The report also highlights a decrease in raw sugar prices from a 12-year high last November, though prices remain elevated with an expected global supply deficit in the 2024/25 season.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia’s sugar production should rise to 4.2 million metric tons in the 2024/25 marketing year from an estimated 4.1 million tons in 2023/24, the U.S. Department of Agriculture (USDA) said. “The increase in production is partly driven by an anticipated small increase in sugar cane harvest area for marketing year 2024/25, along with a modest increase in yield,” the USDA said in a report dated April 16. Raw sugar exports should rise to 3.45 million tons from 3.35 million tons in 2023/24, according to the report. Australia is a relatively small grower, although it is a significant exporter due to limited local demand. Most of its raw sugar is sent to Japan, Indonesia and South Korea. Australia exports almost no refined sugar. ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.