In Australia, Index Box reported that Australia’s sugar cane market is projected to experience minimal growth with a CAGR of nearly 0.1% from 2024 to 2035, reaching 31 million tons in volume and $202.5 billion in value.
Current consumption dropped to 31 million tons in 2024, down 6% from the previous year, while production similarly contracted to 31 million tons. Imports from Vietnam plummeted 84.8% to just 2.6 tons, while exports surged 8,653% to 215 tons, primarily to Indonesia.
Yield decreased to 92 tons per hectare in 2024, and harvested area remained stable at 333,000 hectares, well below the 2017 peak of 453,000 hectares, the report added.
More on the story
Category: Food & Agriculture
