Honduras: Sugar Annual

  |   Attaché Report (GAIN)   |   HO2022-0006

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Honduras: Sugar Annual

Sugar production and exports are projected slightly up in marketing year (MY) 2023 (October 2022 to September 2023) because of the increase in productivity yields, harvested area, additional investments in the sugar sector and increased exports as the Honduran Sugar Industry recovers from the impact of hurricanes ETA and IOTA in November 2020. MY 2022/23 revised estimates show an increase of 0.74% for sugar production and 1.15% in sugar exports. Recovery efforts are expected to last until the end of Fiscal Year (FY) 2023, however the sugar industry is already reaching production levels similar to those reached in FY 2020. Therefore, MY 2023 forecasts signal a rebound to pre-hurricane estimates: 5.28 million MT of sugarcane harvested, 548,000 MT of sugar produced, and 176,000 MT of sugar exported.

Western Hemisphere, Honduras
Sugar

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