On October 18, 2023, the Ministry of Commerce and Industry and the Directorate General of Foreign Trade (DGFT) amended the export restriction on sugar beyond October 31, 2023, to an indefinite period. The export of sugar under the CXL concession...
Post forecasts Brazil’s marketing year (MY, April – March) 2023/2024 sugarcane crush at 652 million metric tons (MMT), an increase of five percent compared to the final estimate for MY2022/23 (621 MMT).
Post forecasts Mexico’s sugar production at 5.95 million metric tons raw value (MMT-RV) for marketing year (MY) 2023/24 (October 1 – September 30), 8 percent higher than in MY 2022/23 due to reduced fertilizer prices, but below MY 2021/22 production due to continued widespread drought.
Since 2013, Venezuela’s total meat consumption has declined 66 percent due to prolonged economic collapse. However, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector.
FAS/New Delhi’s forecast for India’s centrifugal sugar production in marketing year (MY) 2023/24 (October-September) is unchanged from the previous estimate of 36 million metric tons (MMT), equivalent to 33.6 MMT of crystal white sugar.
EU27 beet sugar production forecast for market year (MY) 2023/24 is projected at 15.4 million metric tons (MMT), resulting from reduced beet acreage in France and increased plantings in other member states.
Post forecasts South African raw sugar production at 2.17 million MT in MY 2023/24, up 9 percent from 2 million MT in MY 2022/23, based on an increase in the quantity of cane delivered to the mills and consistent milling efficiencies.
For marketing year October 2023/September 2024 (MY 2023/24), Post forecasts overall sugar production in the Dominican Republic (DR) to increase slightly to 500,000 metric tons (MT) due to improved rainfall patterns.