Australia: Sugar Annual
Link to report:
Australia’s sugar production is expected to increase to 4.5 million metric tons (MMT) in marketing year (MY) 2020/21, from 4.285 MMT in MY 2019/20. If realized this would be in line with average production over the last 15 years. The primary driver for higher sugarcane production is a general improvement in climatic conditions, including good wet seasons rainfalls across most sugarcane growing regions in Australia. With higher expected supply, raw sugar exports in MY 2020/21 are forecast to increase to 3.4 MMT, from a revised estimate of 3.2 MMT in MY 2019/20.
