Argentina: Sugar Annual
Argentine sugar production for marketing year 2016/17 is projected at 2.1 million tons (raw basis), similar to the previous two crop seasons. The current condition of the cane is very good as a result of rainy weather throughout most of the growing season. Export conditions have improved due to higher world sugar prices and last year’s devaluation of the peso. Local traders want to export some 200-250,000 tons of sugar in the next couple of months to take out pressure from high stocks carried in from the previous season. Total exports for the new marketing year are forecast at 550,000 (raw basis).
