South Africa: Sugar Annual
Link to report:
Post forecasts South Africa’s sugar cane crop will increase by 3 percent to 18.5 million metric tons (MT) in market year (MY) 2023/24 assuming a return to normal weather conditions, an improvement in yields, and industry efforts to increase production, especially for small-scale farmers. Post forecasts that raw sugar production will increase by 9 percent to 2.2 million MT MY 2023/24, based an increase in the quantity of cane delivered to the mills and consistent mill efficiencies (sugar recovery rate). South Africa is expected to fully utilize its allocation of the U.S. tariff rate quota (TRQ) for sugar in MY 2023/24. The industry has been able to successfully increase domestic demand by 280,000 MT over the last three years, partly due to commitments by local manufacturers and some retailers to use domestic sugar as part of the Sugar Industry Master Plan.
