Argentina: Sugar Annual

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. Local brokers indicate roughly 450,000 tons of sugar were already sold for delivery over the next few months. Sugarcane production is forecast at record high levels because of good weather, larger area, and improved production management.