Australia's raw sugar production expected to rise 10% next year
Australia: raw sugar production expected to grow 10% next year
(Agricultural Wealth Network) Australia's raw sugar production is expected to increase 10% next year, as farmers plant more sugarcane to profit from global sugar prices that have doubled this year.
The Queensland Cane Growers Association of Australia estimated on Monday that about 4.3 million tons of raw sugar will be produced in 2009, and 4.7 million tons in 2010, the best output in 4 years.
Australia produced 4.6 million tons of raw sugar last year, of which about 3.4 million tons were sent to export markets.
Harvesting is currently in its final stage, with an estimated output of about 30 million tons of sugarcane, a fairly low volume, but the sugar content has reached a more than 20-year high.
Damage from floods earlier in the year and dry weather during the growing period reduced sugarcane output, but the dry weather means the harvest will be completed about 6 weeks earlier.
The Queensland Cane Growers Association of Australia estimated on Monday that about 4.3 million tons of raw sugar will be produced in 2009, and 4.7 million tons in 2010, the best output in 4 years.
Australia produced 4.6 million tons of raw sugar last year, of which about 3.4 million tons were sent to export markets.
Harvesting is currently in its final stage, with an estimated output of about 30 million tons of sugarcane, a fairly low volume, but the sugar content has reached a more than 20-year high.
Damage from floods earlier in the year and dry weather during the growing period reduced sugarcane output, but the dry weather means the harvest will be completed about 6 weeks earlier.