USDA FAS Releases National Sugar Production Forecasts

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The United States Department of Agriculture Foreign Agricultural Service (USDA FAS) released several annual global sugar reports today. Key factors influencing the forecast drop in global sugar production are shifts in crop conditions, changes in crop management, and improvements in agricultural technology.

Brazil’s sugar crush is estimated at 628 million tonnes, a 11 million tonne decrease from the previous market year due to poor crop management and below average plant stock development. 

Thai sugar production is forecast to reach a record 13-14 million tonnes in 2018/19 due to favorable weather and expanded acreage. 

Good weather has FAS expecting a 2018/19 Colombian sugar production of 2.4 million tonnes, a negligible decrease from the previous year’s 2.48 million tonnes. 

In Guatemala and the Philippines, underperforming sugar production is expected for 2018/19. 

Harvested area fell in Guatemala to 255,000 hectares in 2018, a five percent drop from 2016. 

In the Philippines, unfavorable weather and lower crop sugar content reduced production expectations for both 2017/18 and 2018/19. Sugar production in the Philippines dropped to 2.3 million tonnes in 2017/18 from 2.5 million tonnes the previous year. 

In Honduras, investment in agricultural technology such as advancement in drip irrigation technology, better water harvesting, and improved sugar processing systems have increased FAS’s forecast production by 2.18 percent from 2017/18 to 562,000 tonnes in 2018/19. 

These reports reflect a total forecast year-over-year drop in sugar production of 8.839 million tonnes in 2018/19. As the sugar markets develop, Gro Intelligence provides subscribers with the data and analytics necessary to stay ahead of global trends.

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