Australia: Sugar Semi-annual

Commodities

Post forecasts the Australian sugar cane crush for 2017/18 at 34 million MT, up 6 percent on the official forecast. Sugar production is forecast at 4.8 million MT in 2017/18, the same as the official forecast. Post notes that in March, 2017, a tropical cyclone hit Queensland cane growing regions, but was less damaging than expected. The harvested area for sugar cane is revised down to 400,000 hectares for 2017/18, due to the lower price and competition from other crops. Exports of sugar in 2017/18 are forecast at 3.7 million MT, the same as the official forecast. 

Australia: Sugar Semi-annual