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FAO Sees 2% Hike in Sugar Output
ROME - Jun 22/05 - SNS -- Sugar production across the 2004-05 season will be up 2% over last year, according to the latest outlook report from the United Nation's Food and Agriculture Organization (FAO).
World sugar production is now forecast at 144.8 million metric tons (MT) on a raw sugar equivalent. Two-thirds of the growth will be accounted for by developing countries, where aggregated production is forecast at 101.6 million MT.
This is mainly due to an increase of 3.8 million MT in Latin America and the Caribbean, mostly in Brazil, which would more than offset a decline of 6% in the Far East, reflecting a substantial decrease in production in Thailand. Aggregate production of the developed countries is now forecast at 43.2 million MT, about 3% up from 2003-04 due to increased production in Europe and Australia.
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