OECD-FAO Agricultural Outlook 2019-2028 - © OECD 2019
C.3 | World sugar projections | ||||||||||||
C.3 | World sugar projections | ||||||||||||
Marketing year | |||||||||||||
| | | Average 2016-18est | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
| WORLD | ||||||||||||
| SUGARBEET | ||||||||||||
| Production | Mt | 291.4 | 290.8 | 293.5 | 295.1 | 297.6 | 300.1 | 303.2 | 307.0 | 310.3 | 313.8 | 317.4 |
| Area | Mha | 4.7 | 4.7 | 4.7 | 4.7 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 | 4.9 | 4.9 |
| Yield | t/ha | 61.91 | 61.59 | 61.88 | 62.35 | 62.56 | 62.80 | 63.24 | 63.81 | 64.23 | 64.69 | 65.15 |
| Biofuel use | Mt | 13.8 | 14.0 | 14.0 | 14.0 | 14.1 | 14.1 | 14.1 | 14.1 | 14.1 | 14.1 | 14.1 |
| SUGARCANE | ||||||||||||
| Production | Mt | 1 758.2 | 1 731.1 | 1 771.0 | 1 800.3 | 1 825.5 | 1 849.1 | 1 870.8 | 1 892.6 | 1 908.8 | 1 926.7 | 1 947.7 |
| Area | Mha | 25.3 | 24.9 | 25.3 | 25.5 | 25.6 | 25.7 | 25.8 | 25.8 | 25.8 | 25.9 | 25.9 |
| Yield | t/ha | 69.36 | 69.40 | 69.90 | 70.56 | 71.26 | 71.95 | 72.59 | 73.25 | 73.87 | 74.51 | 75.16 |
| Biofuel use | Mt | 360.6 | 376.6 | 389.5 | 403.9 | 412.5 | 421.4 | 429.6 | 437.7 | 446.1 | 455.1 | 464.1 |
| SUGAR | ||||||||||||
| Production | Mt tq | 177.6 | 179.7 | 183.0 | 186.5 | 189.6 | 192.2 | 194.9 | 197.7 | 200.2 | 203.2 | 206.8 |
| Consumption | Mt tq | 170.8 | 176.6 | 179.4 | 181.7 | 184.4 | 187.4 | 190.5 | 193.7 | 196.8 | 199.7 | 202.5 |
| Closing stocks | Mt tq | 80.8 | 83.5 | 83.4 | 84.5 | 86.0 | 87.2 | 87.9 | 88.1 | 87.9 | 87.7 | 88.3 |
| Price, raw sugar 1 | USD/t | 314.9 | 303.0 | 315.4 | 331.9 | 339.4 | 341.1 | 341.4 | 339.0 | 341.1 | 346.0 | 350.0 |
| Price, white sugar 2 | USD/t | 392.6 | 376.1 | 391.3 | 410.2 | 419.1 | 422.7 | 423.8 | 422.9 | 427.2 | 433.0 | 438.4 |
| Price, HFCS 3 | USD/t | 908.9 | 691.7 | 693.7 | 704.0 | 709.9 | 715.1 | 720.2 | 723.9 | 731.8 | 740.3 | 746.0 |
| DEVELOPED COUNTRIES | ||||||||||||
| SUGARBEET | ||||||||||||
| Production | Mt | 236.9 | 233.5 | 234.6 | 234.6 | 235.3 | 236.1 | 237.6 | 239.6 | 241.1 | 242.6 | 244.2 |
| SUGARCANE | ||||||||||||
| Production | Mt | 78.7 | 78.5 | 78.7 | 79.0 | 79.5 | 80.1 | 80.5 | 80.7 | 80.8 | 80.9 | 81.1 |
| SUGAR | ||||||||||||
| Production | Mt tq | 44.1 | 44.2 | 44.6 | 45.0 | 45.5 | 46.0 | 46.6 | 47.1 | 47.5 | 47.9 | 48.4 |
| Consumption | Mt tq | 46.9 | 47.2 | 47.3 | 47.3 | 47.4 | 47.4 | 47.5 | 47.5 | 47.5 | 47.6 | 47.6 |
| Closing stocks | Mt tq | 13.5 | 12.7 | 12.4 | 12.4 | 12.6 | 12.9 | 13.1 | 13.2 | 13.3 | 13.4 | 13.5 |
| HFCS | ||||||||||||
| Production | Mt dw | 9.1 | 9.0 | 9.0 | 9.0 | 9.1 | 9.1 | 9.1 | 9.1 | 9.1 | 9.1 | 9.1 |
| Consumption | Mt dw | 7.9 | 7.8 | 7.8 | 7.9 | 7.9 | 7.9 | 7.8 | 7.8 | 7.8 | 7.8 | 7.8 |
| DEVELOPING COUNTRIES | ||||||||||||
| SUGARBEET | ||||||||||||
| Production | Mt | 54.4 | 57.3 | 58.9 | 60.5 | 62.2 | 64.0 | 65.7 | 67.4 | 69.2 | 71.1 | 73.1 |
| SUGARCANE | ||||||||||||
| Production | Mt | 1 679.5 | 1 652.7 | 1 692.3 | 1 721.3 | 1 746.0 | 1 769.0 | 1 790.3 | 1 811.9 | 1 828.0 | 1 845.8 | 1 866.6 |
| SUGAR | ||||||||||||
| Production | Mt tq | 133.5 | 135.5 | 138.3 | 141.5 | 144.0 | 146.2 | 148.3 | 150.6 | 152.7 | 155.3 | 158.4 |
| Consumption | Mt tq | 123.8 | 129.4 | 132.1 | 134.4 | 137.0 | 139.9 | 143.0 | 146.2 | 149.2 | 152.1 | 155.0 |
| Closing stocks | Mt tq | 67.3 | 70.8 | 71.0 | 72.1 | 73.4 | 74.3 | 74.8 | 74.9 | 74.5 | 74.3 | 74.7 |
| HFCS | ||||||||||||
| Production | Mt dw | 4.5 | 4.9 | 5.0 | 5.1 | 5.3 | 5.4 | 5.5 | 5.6 | 5.7 | 5.8 | 5.9 |
| Consumption | Mt dw | 5.5 | 6.1 | 6.2 | 6.3 | 6.5 | 6.6 | 6.7 | 6.8 | 6.9 | 7.0 | 7.2 |
| OECD 4 | ||||||||||||
| SUGARBEET | ||||||||||||
| Production | Mt | 184.0 | 183.1 | 183.8 | 183.4 | 183.8 | 184.3 | 185.5 | 187.1 | 188.2 | 189.5 | 190.7 |
| SUGARCANE | ||||||||||||
| Production | Mt | 117.5 | 118.6 | 119.1 | 119.5 | 120.6 | 121.5 | 122.3 | 122.8 | 123.3 | 123.8 | 124.3 |
| SUGAR | ||||||||||||
| Production | Mt tq | 41.4 | 41.3 | 41.6 | 41.8 | 42.3 | 42.6 | 43.0 | 43.4 | 43.6 | 43.9 | 44.2 |
| Consumption | Mt tq | 43.9 | 44.1 | 44.3 | 44.3 | 44.3 | 44.3 | 44.4 | 44.4 | 44.4 | 44.4 | 44.4 |
| Closing stocks | Mt tq | 12.2 | 11.3 | 11.4 | 11.5 | 11.8 | 12.0 | 12.2 | 12.3 | 12.4 | 12.5 | 12.6 |
| HFCS | ||||||||||||
| Production | Mt dw | 10.3 | 10.2 | 10.3 | 10.3 | 10.3 | 10.4 | 10.4 | 10.4 | 10.5 | 10.5 | 10.5 |
| Consumption | Mt dw | 10.0 | 10.0 | 10.0 | 10.0 | 10.1 | 10.1 | 10.1 | 10.2 | 10.2 | 10.2 | 10.2 |
Note: Marketing year: See Glossary of Terms for definitions. Average 2016-18est: Data for 2018 are estimated.HFCS: High fructose corn syrup. Prices are in nominal terms. | |||||||||||||
Disclaimer: http://oe.cd/disclaimer | |||||||||||||
Raw sugar world price, ICE contract No11 nearby (October/September). | |||||||||||||
Refined sugar price, White Sugar Futures Contract No. 407, Euronext market, Liffe, London, Europe (October/September). | |||||||||||||
United States wholesale list price HFCS-55, dry weight (October/September). | |||||||||||||
Excludes Iceland but includes all EU member countries | |||||||||||||
Source: OECD/FAO (2019), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en |