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Following table provides an overview
of the productio, supply and distribution of sugar in the international
market.
World Sugar Production,
Supply, And Distribution
(September - August)
(All figures in '000 metric tons)
| |
2003-2004 |
2002-2003 |
2001-2002 |
2000-2001 |
1999-2000 |
| Opening Stocks |
69,327.3 |
62,040.0 |
62,063.3 |
62,223.6 |
57,611.7 |
| Production |
143,701.9 |
149,405.2 |
137,982.6 |
132,200.0 |
134,753.9 |
| Imports |
48,190.3 |
48,593.2 |
45,261.1 |
43,573.9 |
41,226.3 |
| Exports |
52,062.7 |
51,339.9 |
47,759.7 |
44,212.9 |
42,720.6 |
| Consumption |
142,766.9 |
139,371.1 |
135,507.3 |
13,1721.2 |
128,647.7 |
| Ending Stocks |
66,389.9 |
69,327.3 |
62,040.0 |
62,063.3 |
62,223.6 |
| Ending stocks as % of consumption |
46.50% |
49.74% |
45.78% |
47.12% |
48.37% |
(Source: FO Licht World Sugar Balance
for 1995/1996 till 2004/2005)
According to ISO, the world sugar output is forecasted to reach 145.0
MMT and consumption to reach 147.0 MMT in 2004-2005, resulting in a
deficit of around 2 MMT in 2004-2005. Further, since October 2003,
nearly 5 MMT of surplus sugar are expected to have been removed from the
world sugar balance, reducing the stock/ consumption ratio to less than
42%.
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