Browse Data and Analysis

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.

MY2024/25 sugar production is forecast at 1.8 MMT, similar to FAS/Kyiv's previous MY estimate. Sugar beet production area will remain steady across MY2023/24 and MY2024/25, which could be an indicator that the sugar industry is adjusting to a “new normal.”

Argentine sugar exports in marketing year (MY) 2024/2025 are projected at 625,000 tons raw value, the largest in the past 15 years due to the combination of expected large production and large stocks of sugar passed in from the previous marketing year.

MY 2024/25 sugar production is expected to recover from a 20 percent slump in MY 2023/24. Sugar consumption growth will likely decelerate in MY 2023/24 and MY 2024/25, following Thailand’s slow economic recovery and shrinking sugar demand by non-alcoholic beverage manufacturers due to the progressive sugar tax.

Post forecasts sugar cane production in Eswatini will increase by 1.5 percent to 5.6 million MT in MY 2023/24, based on increased available irrigation water, expanded planted area, and a return to trend yields.

Sugar production and exports are projected slightly up in marketing year (MY) 2024 (October 2023 to September 2024) because of the increase in productivity yields, harvested area, and additional investments made in the sugar sector and increased exports, as the Honduran Sugar Industry fully recovers from the rainy season in November 2022.

The industrial demand for sugar beets continues to rise, as it provides a higher price, thus incentivizing many farmers to plant more beets. In marketing year (MY) 2022/23 the sugar beets were subject to an outbreak of Rhizomania disease.

Mexico’s sugar production is forecast at 6.25 million metric tons raw value (MMT-RV) in marketing year 2023/24 (October-September), an increase of nearly 3 percent compared to MY 2022/23 based on lower fertilizer costs and a return to average weather conditions.

Sugar cane production in MY 2024 (January-December 2023) is forecast at 9.9 MMT, increasing nearly three percent from the MY 2023 estimate.

Brazil’s Marketing Year (MY) 2023/24 sugarcane crop is forecast to reach 661.4 million metric tons (MMT), which is 6.5 percent larger than MY 2022/23, because of favorable weather conditions and high sugar prices.

EU27 sugar production forecast for market year (MY) 2023/24 is projected at 15.3 million metric tons (MMT), resulting from reduced beet acreage in France and increased plantings in other member states.

In marketing year (MY) 2023/24, Colombia’s sugar production is forecast to increase 2.2 percent to 2.35 million metric tons (MT), due to the end of "La Niña" weather phenomena and the beginning of "El Niño" weather phenomena.