Global sugar production to grow tangibly this year, keeping prices stable

Published 2021년 8월 25일

Tridge summary

A new report by IndexBox forecasts a 3% increase in global sugar production in 2021, reaching 193M tonnes, due to favorable weather conditions and exemptions on neonicotinoid usage in major producing countries. This growth is expected to offset the decrease in production from Brazil. The report also anticipates an increase in global sugar exports by 2.6% to 39M tonnes, with Thailand compensating for the reduction in exports from Brazil. Despite the increased supply, global sugar prices are projected to remain stable in the next two years. The report also highlights the dynamics of the global sugar market, including the dominant role of Brazil in exports, and the major importers such as Indonesia, China, and the U.S.

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

Original content

IndexBox has just published a new report: ‘World – Sugar – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings. This year, world sugar production is expected to rise by 3% to 193M tonnes. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years. According to IndexBox estimates based on USDA data, global sugar production will increase by +3% y-o-y to 193M tonnes in 2021, driven by high demand from China and India. The economy’s gradual recovery after the pandemic and the relative normalization of ...

Source: Globaltrademag