Honduras: Sugar Annual
Link to report:
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. MY 2023/24 revised estimates show an increase of 3.40% for sugar production and 7.65% in sugar exports. Recovery efforts are expected to last until the end of Fiscal Year (FY) 2024, however the sugar industry is already reaching production levels similar to those reached in FY 2020. Therefore, MY 2024 forecasts signal a rebound to pre-hurricane estimates: 5.28 million MT of sugarcane harvested, 548,000 MT of sugar produced, and 183,000 MT of sugar exported.
