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Egypt imposed an EGP 900 ($101.35) per metric ton tax on exported sugar effective May 18 until the end of 2016.
MY2016/17 sugar production is expected to remain relatively flat at 70,000 tons, which signals limited progress of Nigeria’s backward integration plans for sugar production.
This biannual report, published in May and November, includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in sugar.
With increased processing capacity and better weather conditions expected to prevail, sugar production is forecast to climb to 370,000 metric tons in MY16/17 (May-Apr).
The sugar industry in China continues to struggle due to high production costs, the elimination of government support prices, and import competition.
For Marketing Year (MY) 2015/16 estimated sugar production amounted to 1.35 million metric tons (MMT), 32 percent lower than last year.
Argentine sugar production for marketing year 2016/17 is projected at 2.1 million tons (raw basis), similar to the previous two crop seasons.
Post forecast overall sugar production of 510,000 MT during Marketing Year 2016/17 (MY 2016/17).
Post’s out-year production forecast for Indian centrifugal sugar in marketing year (MY) 2016/17 (Oct-Sept) is 25.5 million metric tons (MMT), a decline of 2.2 MMT from MY 2015/16.
Pakistan exported 275,000 metric tons of sugar during the first three months of 2016 with the help of an export subsidy of $124 per metric ton.
This biannual report, published in May and November, includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in sugar.
In recent years, the Government of Ethiopia (GOE) has made considerable investments to boost the country’s capacity to produce sugar.