Top 5 Sugar-Producing Countries in the World
Brazil, India, Thailand, China, and the United States are the leading sugar producers worldwide. Brazil tops the list with a projected 42 million metric tons for 2023-2024, driven by high sugar prices and ethanol demand. India, producing 36 million metric tons, also has strong domestic demand. Thailand’s 11.2 million metric tons largely serves regional markets, while China, balancing supply and import needs, expects 10 million metric tons. The U.S., unique in its use of both cane and beet, anticipates 8.4 million metric tons.
TEMPO.CO, Jakarta – Sugar is one of the primary ingredients in many people’s meals, indicating its significance in diverse areas of dining options. Numerous countries are willing to allocate hefty amounts of their nation’s budgets to ensure an adequate supply of sugar, even if it means importing the commodity.
In contrast to the massive demand for sugar, sugar cane — from which 80% of the world’s sugar production is harvested, can only be found in either tropical or subtropical climates.
Brazil, India, Thailand, China, and the United States are named as the top sugar-producing countries, exporting a whacking amount of the sweetener good. These nations play a pivotal role in shaping today’s global market.
Read on to discover their production data and more as revealed by Investopedia.
1. Brazil
Brazil ranks first as the top sugar-producing country, with an estimated 42 million metric tons of sugar supply amassed during the 2023-2024 harvest periods. Extortionate sugar price trends emerge as a strong motivation for Brazilian farmers to maximize their sugarcane growth instead of grain. Investopedia suggests that Brazil’s sugar exports won’t see a decline in the markets any time soon due to the demand for sugarcane to meet ethanol and renewable fuel productions.
2. India
Similar to Brazil, India forecasts a leap in sugar production, touching a base of 36 million metric tons in the 2023-2024 season. With the consistent appearance of bulk buyers and manufacturers of processed foods, the country’s domestic market persists with a strong grip on its entire sugar production. On the other hand, India is currently overseeing a stable stack of export sugar supply in order to reduce inflation.
3. Thailand
Despite being one of the top sugar exporters for neighboring countries like Indonesia, Thailand recently recuperated from a dreadful fall in sugar production affecting in between 2020 and 2021. About 11.2 million metric tons of sugar supply is projected to conclude in the 2023-2024 harvest season. The hike was largely stemmed by domestic consumption and a big thrust from tourism scenes.
4. China
China is the contender for the list of largest sugar-importing and producing countries due to the huge gap between the nation’s demand and supply. As China’s sugar production pursues higher rates, a supply of 10 million tons is expected to be fulfilled in the 2023-2024 season.
5. The United States
While other sugar-producing countries rely heavily on cane sugar, the United States deploys both sugar cane and beet sugar. Boasting an estimated sugar production of 8.4 million metric tons in the 2023-2024 crop year, the U.S. is now considered as part of the world’s biggest sugar exporters.
Source Link : https://en.tempo.co/read/1935420/top-5-sugar-producing-countries-in-the-world
