South Africa: Sugar Annual
Link to report:
Post forecasts that the South African sugar cane crop will expand by 9 percent to 18.8 million metric tons (MT) in the 2022/23 market year (MY), based on a return to normal weather conditions, an improvement in yields, and marginal increases in planted area. Post forecasts that raw sugar production will increase by 12.5 percent to 2.2 million MT in the 2022/23 MY, based on an increase in the quantity of cane delivered to mills, a longer milling season, and consistent mill efficiencies (sugar recovery rate). South Africa is expected to fully utilize its allocation of the U.S. tariff rate quota (TRQ) for sugar in the 2022/23 MY. The industry has been able to successfully increase demand by 250,000 MT in the 2021/22 MY, partly due to the surge in demand for home consumption during the COVID-19 lockdowns and commitments by local manufacturers and some retailers to use domestic sugar as part of the Sugar Industry Master Plan.
