Global sugar production 2021/2022 is forecast up 6 million tonnes — USDA
Global sugar production is forecast up 6 million tonnes to 186 million tonnes as higher production in the EU, India, and Thailand will more than offset the decline in Brazil.
It is reported by the US Department of Agriculture (USDA) in its May report.
Consumption is forecast to rise to a new record due to growth in markets such as China and India. Exports are forecast up as the increase from Thailand along with strong exports from India will more than offset lower exports from Brazil. Stocks are forecast lower as stocks in Thailand are drawn down in favor of higher exports.