Browse Data and Analysis

Due to a slight increase in cane area and production, sugar production in 2024/25 is forecast to reach 6.8 million tons, 3 percent higher than 2023/24. In line with population growth and demand from the food processing sector, continued moderate growth in sugar consumption is forecast.

Given record area and prospects for good yields, wheat production in 2024/25 is forecast to be a record 28.8 million tons. Due to an anticipated increase in area, 2024/25 rice production is also forecast to set a record.

While there is still considerable uncertainty regarding implementation, in January 2024 the government approved a system allowing for the resumption of genetically engineered commodity imports.