Turkiye: Sugar Semi-annual
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Turkiye’s beet sugar production in marketing year (MY) 2024/25 is forecast to decline year-over-year due to dry and hotter-than-normal weather conditions in the country’s beet growing areas. Our production forecast matches the government-dictated production quota of 3.1 million metric tons (MMT), which was announced back in May 2024. The quota predominantly favors beet sugar production versus corn starch-based sugar. Besides weather-related factors and incremental changes to the size of the quota, there is little change year-to-year in Turkiye’s sugar complex because the sector is highly regulated by the government.