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Sugar: Outlook to 2006-07
journal contributionposted on 2023-05-17, 17:57 authored by Knopke, P, Nelson, R
World sugar prices are forecast to average significantly lower in 2002-03, reflecting current high levels of stocks and expectations of a record sugar crop in Brazil. Australian sugar production is forecast to rise by 15 per cent to 5.3 million tonnes in 2002-03, but then to increase by only a further 8 percent to 5.7 million tonnes in 2006-07. Grower earnings are forecast to be lower in 2002-03, with a forecast fall in Australian unit export returns more than cancelling out the effects of higher yields and a bigger sugar cane crop. Achieving further cost efficiencies and productivity gains will be a high priority for growers over the next five years, with the Australian sugar industry facing increasing competition in traditional markets from an expected rise in low cost exports from Brazil.
Publication titleAustralian Commodities
Department/SchoolTasmanian Institute of Agriculture (TIA)
PublisherAustralian Bureau of Statistics
Place of publicationAustralia