Browse Data and Analysis

Marketing year (MY) 2024/2025 Venezuelan sugar production is forecast to increase to 373,000 metric tons due to favorable yields, increased access to quality inputs, improved prices for producers and better sugar industry profit margins.

Sugar production in Venezuela is forecast to increase by 13 percent to 300,000 MT in marketing year (MY) 2023/24 due to improved access to quality inputs, a reduction in diesel shortages, and higher prices to producers.

Sugar production in Venezuela for MY 2022/23 is forecast to increase by 39% to 265,000 MT. The increase is primarily due to yield gains as a result of better access to quality inputs and a reduction in diesel shortages, as well as more favorable prices for producers.

In MY 2021/22, Venezuelan sugar production is projected upwards to 190,000 MT.

Venezuelan sugar production is forecast down to 150,000 metric tons in MT 2020/21 due to shortages of fuel and inputs.

Economic mismanagement and an over dependence on oil exports have led to Venezuela’s economy contracting for the fourth year in a row, down an estimated 15 percent in calendar year (CY) 2017.

Domestic sugar production is forecast up to 300,000 metric tons (MT) in marketing year (MY) 2017/18.

On October 27, 2016, the Government of the Bolivarian Republic of Venezuela (GBRV) temporarily (one year) eliminated import tariffs and value added taxes for scarce agricultural products...

Post forecasts domestic sugar production to fall in marketing year (MY) 2016/2017 to 430,000 metric tons (MT)...

The Venezuelan sugar industry expects domestic sugar production to drop in MY 2015/2016, constrained by price controls and limited foreign exchange to import raw sugar.