Sugar Semi-Annual Report, Australia – 16th Sept 2020

FAS/Canberra’s sugar cane production estimate for Australia is revised down for MY 2020/21 to 31 MMT, from 32 MMT previously, as dry conditions had a greater impact than first considered on production volumes. In addition to lower-than-expected sugar cane production, sugar content of the cane this season is down due to a mild winter. This has resulted in a downward revision of sugar production for MY 2020/21 to 4.3 MMT. If realized this would be nearly the same as MY 2019/20. Australia’s sugar exports are also revised lower to 3.4 MMT in MY 2020/21, down from 3.6 MMT in MY 2019/20.