Argentina: Sugar Annual

Despite an anticipated increase in sugarcane production, Argentina’s sugar exports for marketing year (MY) 2025/26 are forecast to decline to 515,000 metric tons (raw value), driven by significantly lower beginning stocks and more favorable returns from ethanol production under the domestic biofuels blend mandate. Exports are expected to continue to go primarily on Chile and the United States, including organic and quota-access sugar. Meanwhile, domestic sugar consumption is projected to rise modestly, supported by improved macroeconomic conditions following two years of economic contraction.