Australia: Sugar Semi-annual

  |   Attaché Report (GAIN)   |   AS2023-0017

FAS/Canberra’s sugar cane production estimate for Australia is revised downward for marketing year (MY) 2023/24 to 31.0 million metric tons (MMT). A very late finish to the MY 2023/24 harvest combined with a bigger-than-usual tropical wet season has significantly impacted overall production. The sugar content of the sugar cane harvested so far (nearly half the estimated crop) is a little below average and shows signs that it may fall further behind the average by the end of the season. With these combined impacts, the sugar production estimate for MY 2023/24 has been reduced by seven percent to 4.1 MMT. Raw sugar exports for MY 2023/24 are also downward revised to 3.2 MMT from 3.5 MMT, mainly due to the smaller raw sugar production estimate. Domestic consumption is anticipated to increase from the prior year mainly due to a higher-than-usual rate of migration to Australia, which is driving population growth.

Related Reports

Attaché Report (GAIN)

India: India - Grain and Feed Update - December 2023

Planting of India’s rabi season (i.e., winter sown, spring harvested) crops is progressing somewhat slower than anticipated due to relatively dry soil moisture conditions.
Attaché Report (GAIN)

Bulgaria: Oilseeds and Products Market Update

FAS/Sofia’s marketing year (MY) 2023/24 sunflower production estimate is lowered to 1.7 million metric tons (MMT) based on the final harvest data. The sunflower crop suffered from severe and prolonged summer drought and high heat which reduced yields considerably.
Attaché Report (GAIN)

Hong Kong: Agricultural Biotechnology Annual

In 2023, Hong Kong did not have any policy changes to regulations pertaining to genetically engineered (GE) products, while monitoring the development of synthetic biology.