Colombia: Sugar Annual
Link to report:
In marketing year (MY) 2024/2025, Colombia's sugar production is forecast to remain unchanged from the previous MY at 2.25 million metric tons (MMT) owing in part to the onset of the El Niño phenomenon and its dry weather conditions in the second half of 2023. The Southern Oscillation has had a positive impact on sugarcane yields. Yet, the expectation of a new La Niña phenomenon with heavy precipitation expected in the second half of 2024 will not greatly impact yields. Considered among the most productive sugarcane sectors, Colombia’s sugar production has been underperforming in recent years because of La Niña, during which in MY 2023/2024, heavy rainfall lowered yields. Colombia’s economy is projected to accelerate slightly in 2024 and 2025 with a projected fall in the inflation rate, which may support modest improvements in household sugar consumption in the outyear.
