Post anticipate that the impact of the first labor strike in the sugar industry since 1997 will be marginal as it is the beginning of the crushing season for most mills, and cane quality and sugar recoveries by the mills are usually low at this stage. Post forecasts that if the labor strike continues for two weeks to one month it could result in a five percent decrease in the 2014/2015 MY sugar production from 2.5MMTRV to 2.4MMTRV. The decrease in sugar production is expected to result in an equivalent decrease in the 2014/2015 MY exports from 1 Million Metric Tons Raw Sugar (MMTRV) to 950,000MTRV.
