Indonesia: Sugar Annual

Private sugar mills expansion leads to increased production in 2022/2023. El Nino, which usually increases sugar content in sugarcane and continues area expansion by private sugar mills is forecast to further increase plantation white sugar production in 2023/24 to 2.6 million metric tons (MMT). Nonetheless, imports of raw sugar are forecast to increase mainly due to higher demand from refineries. In an effort to reduce and stabilize retail prices, the Government of Indonesia (GOI) has issued permits to import 991,000 tons of plantation white sugar in 2022/23.