Australia: Sugar Annual

Australia’s sugar production is forecast to increase to 4.2 million metric tons (MMT) in marketing year (MY) 2024/25 from an estimated 4.1 MMT in MY 2023/24. This increase is due to an expected rise in sugar cane crush to 30.5 MMT in MY 2024/25, from an estimate of 29.8 MMT in the previous year. The increase in production is partly driven by an anticipated small increase in sugar cane harvest area for MY 2024/25, along with a modest increase in yield. With overall good growing conditions for the first nine months, the sugar content of the cane is forecast at the past 10-year average. Raw sugar exports are forecast to increase to 3.45 MMT in MY 2024/25 from the prior year estimate of 3.35 MMT, while refined sugar exports are expected to remain very low at 10,000 metric tons (MT). Domestic sugar consumption at around 20 percent of production is forecast to rise due to strong population growth in Australia.