Global sugar production in 2021/22 seen up at 186 million tons on higher production in EU, India, and Thailand, according to USDA

Published May 26, 2021

Tridge summary

The USDA forecasts a rise in global sugar production for the 2021/22 marketing year, reaching 186 million tons, due to increased production in the European Union, India, and Thailand, which offsets the decrease in Brazil and the U.S. Consumption is also expected to hit a new record, driven by growth in China and India, leading to an increase in exports. However, stocks are predicted to be lower due to Thailand's decision to prioritize exports over stocking, which is expected to result in a record export volume of 10.4 million tons. The report also highlights variations in production, consumption, and stocks in countries like India, the U.S., Australia, Brazil, China, the European Union, the UK, Guatemala, and Mexico, with some experiencing increases and others facing decreases due to factors such as weather, economic conditions, and government policies.

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

Original content

Global sugar production in 2021/22 is forecast up 6 million tons to 186 million as higher production in the European Union, India, and Thailand will more than offset the decline in Brazil, the U.S. Department of Agriculture said in a report. Consumption is forecast to rise to a new record due to growth in markets such as China and India, it said, adding that exports are forecast up as the increase from Thailand along with strong exports from India will more than offset lower exports from Brazil. Stocks are forecast lower as stocks in Thailand are drawn down in favour of higher exports, the report added. The marketing year for Thailand starts in December, whereas the marketing year for Brazil starts in April. Global Sugar Overview India production is forecast to grow 3 percent to 34.7 million tons, assuming favourable weather. Consumption is forecast at a record with the expectation that the economy recovers from the pandemic with the marketing year that begins in October. Imports ...

Source: Indoasiancommodities