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Ecuador's sugar production in marketing year (MY) 2024/25 is forecast to recover to 530,000 metric tons (MT), the same as the MY 2022/23 estimate, due to a rebound in harvested area after a difficult El Nino weather cycle during the second half of 2023.
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.
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.
Ecuador's sugar production in marketing year (MY) 2023/24 is forecast to remain at 530,000 MT, the same as the previous year's estimate, despite a significant increase in planted area of sugar cane.
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.
Sugar production in marketing year MY 2022/23 is forecast to decrease to 530,000 MT, down five percent from the MY 2020/21 estimate, due to fertilizer and pesticide price increases during 2021, and despite a slight increase in planted area of 1,000 hectares.
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.
As Ecuador's sugar supply and demand find an equilibrium, ethanol production and a possible increase in the ethanol blend rate could help to absorb some excess sugar supply.
Sugar production in marketing year (MY) 2019 decreased compared to MY 2018 levels.
This report serves as a road map for U.S. companies exporting to Ecuador.
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....
Sugar production in marketing year (MY) 2018/19 decreased slightly compared to MY 2017/18 levels.