Global sugar market expected to record a surplus of 5.5 million tons in the 2024/25 season, Czarnikow reports

Published Jun 20, 2024

Tridge summary

The global sugar market is expected to see a surplus of 5.5 million tons in the 2024/25 season, according to a report by Czarnikow. This is due to increased production in key regions, including Brazil, the EU, and Thailand, with the global sugar production projected to reach 186.5 million tons, the second highest ever. Despite this, global sugar consumption is expected to exceed 180 million tons, albeit by 1 million tons less than previous estimates, due to continuous population growth. This contrasts with the current tight supplies and forecasted deficit for the 2023/24 season, indicating significant shifts in the global sugar market dynamics.

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

Original content

The global sugar market is about to record a surplus of 5.5 million tons in the 2024/25 season (October-September), driven by increases in production in key regions, according to a report from Czarnikow (CZ), a sugar services company. supply chain and trading. Czarnikow projects sugar production to reach 186.5 million tons next season, a slight reduction of 0.9 million compared to the previous estimate. Despite this drop, this volume will be the second highest ever recorded, thanks to record production in Brazil, the world's largest producer, and recoveries in the European Union and Thailand. The expectation is that global sugar consumption will exceed 180 million tons in 2024/25, a reduction of 1 million tons compared to the previous estimate. However, this number still follows the continuous increasing trend observed in recent years, driven by population growth. Currently, global sugar supplies are relatively tight. The ...

Source: Portal Do Agronegocio