Export market for White Sugar in China (12월, 2022)

Datagro consultancy has increased its forecast for the global sugar surplus for the 2022/23 harvest to 4.76 million tonnes, up from 2.02 million tonnes due to anticipated production from the Center-South of Brazil. This surplus is expected despite a projected 1% increase in global consumption, with the surpluses from the past two harvest cycles not making up for the 9.43 million tonne deficit in the 2019/20 and 2020/21 periods. Uncertainties such as the continuity of federal taxes on fuels and potential weather conditions could impact the market. However, production from the Center-South of Brazil is expected to significantly support the global crop in the coming years.