Sugar production in 2023/24 is forecast at 7.05 million tons, three percent above the 2022/23 estimate. The marginal increase is due to expectations for a recovery in cane area harvested compared to the flood-damaged 2022/23 crop. Sugar consumption in 2023/24 is forecast at 6.3 million tons, three percent higher than 2022/23, reflecting population growth. Sugar exports in 2023/24 are expected to be 800,000 tons, slightly less than 2022/23, as the government seeks to curb exports, fearing domestic shortages and price hikes
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