Czarnikow estimates global sugar production surplus in 2022/23 harvest
Sugar
Published Sep 7, 2022
Tridge summary
Czarnikow, a British food and services trading company, reported this Tuesday (6th) that it estimates a surplus of 3 million tons of sugar in the 2022/23 harvest, with a production forecast of 180.2 million tons of the food. in 2022/23, the same volume as in 2021/22 and the second largest on record.
Original content
The estimate for production in the Center-South of Brazil is for an increase of 500 thousand tons, rising to 32.5 million due to lower ethanol prices, causing mills to prioritize the sugar mix and thus offsetting a drop in production of sugar in the 2022/23 harvest in Thailand. READ MORE > Usina Coruripe renews Fundação Abrinq certification According to the trading company, in 2022/23, more than 3 million tons of sugar will be consumed year on year than in 2021/22. “This is partly due to more economies returning to pre-covid consumption and population growth. Consumption in China will also rebound by more than 500,000 tonnes after demand waned by Covid lockdowns in 2021/22,” explains analyst Jay Kindred. According to him, the growth in consumption means about half the size of the surplus observed in 2021/22, despite similar production. READ MORE > Artificial intelligence perfects sugar and organic ethanol production maneuvers at Usina Goiasa Thailand production update Czarnikow ...
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