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- The crop in El Salvador is now underway, at an expected 794k tonnes we believe it could be the largest in the last 5 years.
- This is because early yields have been better than expected and there is still room for more upside (maybe 30k tonnes).
- This could help whites sugar supply in the Americas that has been tight following the US and Mexican crops.
El Salvador Crop
- Sugar Production to date has been good after a slightly delayed start to the crop.
- Weekly production so far has equalled the recent highs.
El Salvador Weekly Sugar Production
- We believe the crop is currently on course to reach 794k tonnes, a small increase on last season.
- This would be the largest crop in the last 5 years.
El Salvador Sugar Production
- The crop could yet see further upside as the early yields have been above expectations and the historical.
Yields, looking good
- Yields have so far been strong, a welcome relief after some disappointing rainfall and yields last year.
El Salvador Ag Yields
- This means there is more cane in the fields than usual, and on top of this the cane contains more sugar than was expected.
El Salvador Sucrose Yields
- If these high yields continue, we can expect up to around 30k tonnes of extra sugar.
- Price permitting, this could allow for more white sugar into the central and Northern American markets.
- Supply has been scares since the US beet crop was downgraded and fears about the Mexican crop persist.
US Beet Sugar Production
