Indonesia: Sugar Annual

Private sugar mill expansion and higher rainfall as a result of La Nina weather patterns are expected to increase sugarcane yields, leading to increased sugar production in 2022/23. Despite the expected increase in production, imports of raw sugar are also forecast to increase, mainly due to higher sugar demand from the growing food and beverage industry. In an effort to stabilize retail sugar prices, the Government of Indonesia (GOI) has authorized the importation of almost 892,000 metric tons of raw sugar for processing into plantation white sugar, up 31 percent from 2021.