Browse Data and Analysis

Argentine sugar exports in marketing year (MY) 2024/2025 are projected at 625,000 tons raw value, the largest in the past 15 years due to the combination of expected large production and large stocks of sugar passed in from the previous marketing year.

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.

Post projects Marketing Year (MY) 2023/24 sugarcane production to drop to 18.9 million metric tons (MMT) due to dry weather and high heat during the southern hemisphere summer.

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.

Argentine sugar production for marketing year (MY) 2022-2023 is forecast at 1.71 million tons, raw value, practically unchanged from the previous year. La Niña weather conditions have limited sugarcane production over the last two years, and output was affected by a severe winter last year and a very dry and hot summer early this year.

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.

Argentine sugar production in marketing year (MY) 2021-2022 is forecast down at 1.55 million tons, raw value, due to early season dryness which is expected to negatively impact yields.

Sugar production for marketing year 2020/2021 is forecast at 1.78 million tons (raw value), a moderate increase from last year on stable acreage.

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....

Argentine sugar production for marketing year 2019/20 is forecast stable at 1.68 million tons, raw value, with domestic consumption continuing its downward trend and exports forecast....

While MY2018/19 Argentine forecast for sugar production and consumption maintain stable levels, exports plummet to 150,000 tons (raw value), due to stagnant production and lower beginning stocks.