OECD (Organization for Global Economic Cooperation and Development) and FAO (Food and Agriculture Organization of the United Nations) jointly carry out agricultural outlook activities and publish the World Agricultural Outlook report every year. The 2021-2030 Agricultural Exhibition report predicts that the world’s sugarcane production is expected to increase by 1% per year , Reaching 1.96 billion tons by 2030, of which Brazil and India will account for 65% of global production growth.
In the next 10 years to 2030, Brazil will continue to dominate the global sugar market and become the largest sugar producer, while Thailand is expected to play a greater role, and India’s output of Tang is expected to reach 35.6 million tons by 2030.
By 2030, Asia will account for more than half of the world’s sugar consumption. India will try its best to maximize sugar consumption growth, and the expanding demand for sugar-rich confectionery products and soft drinks will trigger higher consumption.
In the next 10 years, Brazil will continue to maintain its position as a leading sugar exporter, followed by Thailand and India. In terms of imports, the countries that have built sugar refineries-Indonesia, China, the United Arab Emirates, Algeria, etc., will mainly import raw sugar, while countries without refining capacity will continue to import refined sugar.
Source: China Agricultural Information Network
Post time: Jul-29-2021