U.S. sugar supply for 2023/24 has increased by 239,152 short tons, raw value (STRV), reaching 14.941 million STRV due to higher production and imports. Beet sugar production rose by 41,049 STRV, driven by early 2024 harvests, while Louisiana’s cane sugar production climbed by 53,024 STRV. Imports surged by 145,000 STRV, boosted by reexport and high-tier tariff imports. Ending stocks are now projected at 2.278 million STRV, raising the stocks-to-use ratio to 18.0%. However, the outlook f...
U.S. Sugar Supply Surges for 2023/24 on Increased Production and Imports by Amit Gupta, Kedia Advisory
Sugar crops in India and Thailand, two main Asian producers, are looking better in the final stages of the sugarcane harvesting, indicating higher sugar supplies in the region, said Singapore-based commodities trader Wilmar on Friday.
"Thailand tail crop is much better than expected," said Karim Salamon, head of sugar analysis at Wilmar, in comments sent to Reuters.
He expects the sugarcane crush in Thailand to reach as much as 85 million metric tons, with sugar production bet...
India, Thailand sugar crops looking better than expected, says Wilmar
India, the No.2 sugar producer, has been a net exporter of the sweetener for the past six years.
However, it is set to ban exports in the crop year that started in October and may even be forced to import in the following year as farmers turn to other crops, according to traders, industry officials, and farmer interviews.
The production decline is driven by unusually dry conditions, fuelled by El Nino, in the western state of Maharashtra and its neighbour to the south, Karnataka, which ...
Factbox-World's No.2 sugar producer India may need imports in 2025
