Argentina: Sugar Annual
Argentine sugar production for 2015/16 is projected up at 2.25 million metric tons. The production of sugarcane is expected to be record as a result of extremely wet weather in February and March in the producing area. The local industry is facing strong difficulties because of high carry in stocks, a forecast large production, low world sugar prices, increasing production costs and a somewhat lower domestic consumption. The sector wants the government to increase the bioethanol mandate mix and also knows that it will have to export large volumes of sugar, despite losing money. Exports are forecast at 400,000 tons, but could vary significantly.
