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- (-) April 2022
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Jamaica’s raw sugar production in Marketing Year (MY)2021/2022 was 40,450 MT, eight percent lower than the previous MY. In MY 2022/23, Post projects 38,000 MT of sugar due to falling production.
A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.