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Post raises Argentine 2015 sugar production estimate to 2.05 million tons, a small increase from USDA’s number due to beneficial weather during harvest time.
Post forecasts that the 2014/15 MY sugar cane production will decrease by nine percent to 18.2 MMT, from the 2013/14 MY sugar cane production of 20.0 MMT, as a result of very dry weather conditions.
The Brazilian MY 2014/15 sugarcane crop is estimated at 619 mmt, down 5 mmt from MY 2013/14, mainly due to weather related problems in the center-southern producing region.
The Philippines is the 8th largest sugarcane producer and the third largest U.S. sugar tariff rate quota recipient.
Post forecast centrifugal sugar production for marketing year (MY) 2014/15 at 27.3 MMT (raw value), a decrease of 640,000 metric tons (MT).
MY 2014/15 sugar production is forecast at 13.3 million tons, down one million tons from MY 2013/14 on falling acreage.
During Marketing Year 2013/2014 (MY 13/14), sugar production reached 561,324 Metric Tons (MT) and Post estimates overall production of nearly 580,000 MT during MY 14/15. For MY 13/14, exports of raw cane sugar will total approximately 220,000 MT...
FAS/Moscow lowered its forecast of Russia’s sugar beet production in 2014 from the April 2014 forecast by three million metric tons (MMT) to 36 MMT.
The soon-to-be-harvested sugarcane crop was largely unaffected by recent flooding.
Australian sugar production is projected to grow to 4.6 million tonnes in 2014-15 with sugar cane acreage up slightly.
MY2014/15 sugar production in Thailand is revised down to 10.2 million metric tons due to drought- reduced sugarcane production and a lower extraction rate.
The Brazilian MY 2014/15 sugarcane crop is estimated at 619 mmt, down 5 mmt from MY 2013/14, mainly due to weather related problems in the center-southern producing region.