USDA confirms increased global sugar production and record consumption

Published 2024년 12월 3일

Tridge summary

The USDA forecasts a slight increase in global sugar production for the 2024/25 campaign, reaching 186.6 million tons, with the rise primarily driven by higher production in China, India, and Thailand, which compensates for the decrease in Brazil. India's demand is expected to hit a record 179.6 million tons, driven by increased consumption. Brazil's production is predicted to drop by 2.5 million tons due to adverse weather conditions, although it will still achieve the second-largest volume in the country's history. In the European Union, sugar production is anticipated to rise to 15.6 million tonnes, attributed to an increase in beet cultivation, despite a projected decline in imports and a slight decrease in exports.

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Original content

World sugar production could reach 186.6 million tons in the current 2024/25 campaign, according to the latest forecast from the United States Department of Agriculture (USDA), which has slightly revised upwards its advance from last May. This volume would represent an increase of 2.8 million tons compared to the previous campaign and would be due to higher production in China, India and Thailand, which will more than offset the decline in Brazil, the world's leading producer. World demand, however, will reach a record volume of 179.6 million tons mainly due to increased consumption in India, the world's leading consumer. Brazilian production will fall by 2.5 million tons compared to the previous campaign. Despite this, the 43 million tons that will be obtained in this country will be the second largest volume in its history. The decline is a consequence of unfavorable weather conditions for sugar cane cultivation. Domestic consumption will be somewhat shorter due to the drop in ...

Source: Agropopular