date:Apr 24, 2014
MY2013/14 sugar production is expected to increase to 11.4 million metric tons, up 14 per cent from the previous year due to a better than expected average sugar extraction rate resulting from favorable weather conditions. This will likely spur sugar exports to around 9 million metric tons.
Meanwhile, MY2014/15 sugar production is forecast to decline to 10.4 million metric tons, down 9 per cent from the previous year, in anticipation of El Nino related weather conditions.
This will likely affe