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FAS-Lagos forecasts a 6 percent decrease in raw sugar imports in marketing year (MY) 2024/25 due to the scarcity of foreign exchange and the projected decrease in consumption.

For marketing year (MY) October 2024 to September 2025, Post forecasts that Jamaica’s sugar production will decline to 34,000 metric tons (MT), in line with the steady decrease observed in the industry over recent years.

The Federal Executive Council approved the extension of the National Sugar Master Plan (NSMP) by 10 years (2023-2033). NSMP is an effort of the Government of Nigeria to ensure self-sufficiency in local sugar production.

Post forecasts Jamaica’s sugar production down eight percent to 36,000 metric tons (MT) for marketing year (MY) 2023/2024, an outlook that reinforces a trend already underway with past estimates for this waning industry.

Nigeria’s current 10-year Sugar Master Plan (NSMP) will end next year – likely moving on to another 10-year Phase Two Plan. The growth in sugar consumption is expected to be driven by the food processing sector.

Jamaica’s raw sugar production in Marketing Year (MY)2021/2022 was 40,450 MT, eight percent lower than the previous MY. In MY 2022/23, Post projects 38,000 MT of sugar due to falling production.

Nigeria’s sugar industry is facing serious challenges despite efforts by the government to create self-sufficiency in sugar production and reduce raw sugar imports.

Jamaican total sugar production for MY 2020/2021 was 43,946 MT, a decrease from 60,000 MT produced in MY 2019/2020.

Jamaican sugar production for MY 2020/2021 is projected to be approximately 48,000 MT, down from 60,000 MT in MY 2019/2020.

This report describes the major export certificates required by the Government of Jamaica for imports of food and agricultural products.

FAS Lagos (Post) forecasts Nigeria’s domestic cane sugar production in marketing year (MY) 2019/20 (May-April) to reach 75,000 metric tons (MT) (raw value), down about 6 percent....

Post projects that Jamaica’s Marketing Year (MY) 2018/19 sugar production will be 76,000 MT, a decrease from the 82,000 MT produced during MY 2017/18, due to the reduction in the number of sugar....