Australia: Sugar Semi-annual

FAS/Canberra’s sugar cane production estimate for Australia is revised down slightly for marketing year (MY) 2021/22 to 31 million metric tons (MMT). This is due to some production areas having had less rainfall in the growing period for this harvest. However, this has mostly been compensated by higher rainfalls in the northern tropics of Queensland and sub-topics of northern New South Wales. With a similar sugar cane yield and sugar content to the prior year, the sugar production estimate for MY 2021/22 remains unchanged at 4.4 MMT. The raw sugar export estimate has been upward revised by 100,000 MT to 3.5 MMT, driven by strong world sugar prices.