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China’s MY 2024/25 sugar production is forecast at 11 MMT, up 600,000 MT as acreage for both cane and beet are up and competition crops are less profitable.

China’s MY 2024/25 sugar production is forecast at 10.4 MMT as the planted areas for both cane and beet are expected to rise. Given sugar prices are expected to trend down, China’s MY 2024/25 sugar consumption estimate is also forecast to increase to 15.7 MMT.

Eswatini sugar cane production in MY 2023/24 was affected by unfavorable climatic conditions and proliferation of the yellow aphid leaf. This affected cane production and quality resulting to the season ending earlier than normal.

MY 2022/23 China’s sugar imports declined due to escalating world prices. Following suit, Chinese sugar prices spiked at the highest levels since 2012.

Post forecasts sugar cane production in Eswatini will increase by 1.5 percent to 5.6 million MT in MY 2023/24, based on increased available irrigation water, expanded planted area, and a return to trend yields.

MY 2022/23 cane sugar production is estimated at 7.92 MMT, revised down 1.08 MMT from the USDA official estimate due to lower-than-normal rainfall in Guangxi, China’s largest sugar producing province. Sugar consumption has begun to rebound since after the removal of COVID-related restrictions. As China’s sugar imports are curbed by high world prices, stocks are likely to decline.

China’s estimated MY2021/22 sugar imports and stocks are revised upward, while consumption is revised downward due to low world prices and COVID-related policy impacts. Assuming beet acreage rebounds in Inner Mongolia, the MY2022/23 sugar production remains forecasted at 10 MMT.

Post forecasts that sugar cane production in Eswatini (formerly Swaziland) will increase by 2 percent, to 5.3 million metric tons (MT) in the 2022/23 MY, based on good rainfall, increased available irrigation water, normal weather conditions, expanded planted area and consistent cane yields.

MY 2021/22 estimates for production, trade, and consumption are all revised downward.

The sugar production forecast for MY21/22 (October – September) is revised down to 10.3 MMT on slower than expected growth in cane acreage and more sugar beet acreage losing out to corn.

Post forecasts that sugar cane production in Eswatini (formerly Swaziland) will increase marginally by 1 percent to 6.1 million Metric Tons (MT) in the 2021/22 Marketing Year (MY), based on good rainfall, increased available irrigation water, normal weather conditions, growth in the area planted and consistent cane yields.

Sugar production in MY21/22 (Oct-Sep) is forecast to marginally grow to 10.6 million metric tons as rising cane sugar production is expected to offset lower beet sugar production.