Global sugar production is forecast up 2.5 million tonnes — USDA

The USDA forecasts a slight increase in global sugar production to 186.0 million tonnes, despite lower production in Brazil. This is due to higher production in Thailand, India, China, and Mexico. Consumption is expected to hit a new record, particularly in India and Pakistan. However, exports are predicted to decrease due to reduced shipments from Brazil, India, and Thailand. Finally, stocks are forecast to be lower due to decreased stocks in Thailand, despite an increase in stocks in India.