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Due to slight increases in area and sugarcane yields, sugar production in 2022/23 is forecast to reach 7.2 million metric tons (MMT), a marginal increase over the good 2021/22 crop. Sugar consumption for 2022/23 is forecast at 6.1 MMT, which would be a 3.3 percent increase, reflecting population growth and demand from the expanding food processing sector.
Revised regulation specifically prohibits sugar that benefits from the U.S. Sugar Re-export Program from also using the IMMEX program.
Post forecasts overall production of 500,000 MT during MY 15/16. During Marketing Year 2014/2015 (MY 14/15), sugar production reached 495,979 Metric Tons (MT).
India's Cabinet Committee on Economic Affairs approved a sugarcane production subsidy of INR 4.50 per quintal for sugarcane crushed during MY 2015/16 (Oct-Sept).
The Government of Pakistan has approved a sugar export subsidy of $124 per metric ton to cover exports of up to 500,000 metric tons through March 31, 2016.
According to the Bank of Guatemala (BANGUAT), the food processing industry in Guatemala for year 2015, will grow 3.5 percent and will contribute 0.67 percent to the total GDP.