South Africa: Sugar Semi-annual
Post forecasts that the 2014/15 MY sugar cane production will decrease by nine percent to 18.2 MMT, from the 2013/14 MY sugar cane production of 20.0 MMT, as a result of very dry weather conditions experienced in 2014. The impact of increasing the domestic dollar-based reference price from US$358/ton to US$566/ton has been significant, and post forecasts that imports will decline by about 49 percent to 305,000 MTRV in the 2014/15 MY.
