In the 2018/2019 crop year, sugar production was 179 million metric tons, with 181 million metric tons expected for 2019/2020. Its value is pegged to the U.S. dollar (USD) at a rate of 2 BBD per USD. See here for a complete list of exchanges and delays. • Current Report • Past Reports (USDA Economics, Statistics and Market Information System) “World sugar prices have hit bottom, and signs are pointing to a recovery,” Mr. Orive said Aug. 5 on a panel at the 36th annual International Sweetener Symposium, sponsored by the American Sugar Alliance (A.S.A.). A soft commodity is a grown agricultural commodity such as coffee, cocoa, sugar, and fruit. All quotes delayed a minimum of 15 minutes. ASHEVILLE, N.C. — World sugar supplies are expected to tighten as production declines in 2019-20, but large stocks and indications of declining demand growth may limit recovery in a market battered by low prices, said Jose Orive, executive director of the International Sugar Organization. Though China is one of the world's largest sugar producers, it is a net importer of sugar. This could help to bring about a more balanced market from the start of next season. Mills, meanwhile, must sell sugar at market prices, resulting in massive stocks that are overhanging both the Indian and the global market. The world's total sugar cane production was estimated at 1,904 million tonnes in 2018. ASHEVILLE, N.C. — World sugar supplies are expected to tighten as production declines in 2019-20, but large stocks and indications of declining demand growth … Brazil, the world’s biggest exporter, has seen production fall rapidly since 2017-18 with the majority of cane now being used to produce ethanol. That’s good news for global farmers who have been struggling as raw sugar futures dipped to near 10c a lb in September 2018 — well below the average cost of production. There was a surplus of 19.60 million tonnes in 2017/18, it said. This is because of droughts in 2018 that caused farmers to reduce sugarcane planting and because of floods in 2019 damaging crops. Approximately 80% of the world’s sugar is produced from sugarcane in tropical and subtropical climates with the remaining 20% derived from sugar beet, which is grown mostly in the temperate zones of the Northern Hemisphere. India produced 33 million metric tons of sugar. A trade war arises when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports. SUGAR OECD-FAO AGRICULTURAL OUTLOOK 2019-2028 © OECD/FAO 2019 ago). The top 5 countries (others are India, China, Thailand, and Pakistan) account for 73.70% of it. However, Mr. Orive warned that there are factors that could quickly change the outlook. This statistic shows the sugar production in the world 2009-2019.