Browse Data and Analysis

Sugar production and exports are projected slightly up in marketing year (MY) 2024 (October 2023 to September 2024) because of the increase in productivity yields, harvested area, and additional investments made in the sugar sector and increased exports, as the Honduran Sugar Industry fully recovers from the rainy season in November 2022.

Mexico’s sugar production is forecast at 6.25 million metric tons raw value (MMT-RV) in marketing year 2023/24 (October-September), an increase of nearly 3 percent compared to MY 2022/23 based on lower fertilizer costs and a return to average weather conditions.

Sugar cane production in MY 2024 (January-December 2023) is forecast at 9.9 MMT, increasing nearly three percent from the MY 2023 estimate.

Brazil’s Marketing Year (MY) 2023/24 sugarcane crop is forecast to reach 661.4 million metric tons (MMT), which is 6.5 percent larger than MY 2022/23, because of favorable weather conditions and high sugar prices.

In marketing year (MY) 2023/24, Colombia’s sugar production is forecast to increase 2.2 percent to 2.35 million metric tons (MT), due to the end of "La Niña" weather phenomena and the beginning of "El Niño" weather phenomena.

Ecuador's sugar production in marketing year (MY) 2023/24 is forecast to remain at 530,000 MT, the same as the previous year's estimate, despite a significant increase in planted area of sugar cane.

Post forecasts Jamaica’s sugar production down eight percent to 36,000 metric tons (MT) for marketing year (MY) 2023/2024, an outlook that reinforces a trend already underway with past estimates for this waning industry.

Sugar production in Venezuela is forecast to increase by 13 percent to 300,000 MT in marketing year (MY) 2023/24 due to improved access to quality inputs, a reduction in diesel shortages, and higher prices to producers.

Sugar production in marketing year (MY) 23 is estimated at 805,000 metric tons (MT), while production for MY22 reached 785,000 MT. Improving international prices have eased the financial burden exerted by the high cost of inputs on the sugar sector.

As a severe drought looms large over the sugar mill areas in the Dominican Republic (DR) and the U.S. Customs and Border Protection (CBP) continues to prohibit sugar and sugar-based imports from the top Dominican producer, Post forecasts local production at 530,000 metric tons (MT) for marketing year (MY) 2023/24 (October/September), 12 percent down from the MY 2022/23 estimates.

In marketing year (MY)2023/2024, Guatemala is forecast to produce 2.6 million metric tons of sugar from sugarcane from a harvested area of 251,000 hectares.

FAS/Managua projects Nicaraguan sugar production and exports recovering in marketing year 2023/24, despite deteriorating political and economic conditions in Nicaragua, with the anticipated arrival of an El Niño weather system and drier weather in the latter half of 2023.