Venezuela: Sugar Annual
19th April 2024
Marketing year (MY) 2024/2025 Venezuelan sugar production is forecast to increase to 373,000 metric tons due to favorable yields, increased access to quality inputs, improved prices for producers and better sugar industry profit margins.
While Venezuela’s sugar production has consistently grown over the past several years, many constraints persist in further expanding sugar production, including the lack of accessing credit and acute shortages of gasoil (diesel). FAS forecasts no changes in raw sugar imports in MY 2024/2025 due to increased domestic sugarcane production and an anticipated drop in refined
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