MY 2014/15 centrifugal sugar production is forecast at 13.7 million tons, down 5 percent from the previous year due to falling domestic prices. MY 2013/14 production is revised down 3 percent from the previous estimate following weather-related damage. MY2014/15 imports are forecast at 3 million tons, down by 500,000 tons from the previous year, as lower domestic sugar prices reduce the price advantage of imports. Sugar consumption is forecast to grow 7 percent in MY 2014/15 to 17.3 million tons as lower sugar prices increase industrial consumption at the expense of starch-based sugar.
