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LIVE TABLES - Coronavirus to take bite out of world sugar consumption

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Prospects for global sugar use have taken a hit as the coronavirus pandemic causes some of the world’s leading economies to implement lockdown measures to curb the spread of the disease, according to Czarnikow.

 

The international sugar trader cut by nearly 2m tonnes its forecast for worldwide sugar consumption in 2019-20 as isolation measures in countries such as China, France, Germany, Italy and South Korea lead to “the collapse in out-of-home food and drink consumption” and supply chain difficulties.

 

It expects sugar use in these countries to fall by 5%, resulting in global consumption remaining flat for the 2019-20 season at 172.4m tonnes.

 

We have added the Czarnikow data to our World Sugar 2019-20 Live Table here and their forecast for next season here.

 

More Live Tables updated today:

 

New Zealand Milk 2019-20
New Zealand Milk 2020-21
Brazilian soybeans 2019-20
Australian canola 2020-21
Australian wheat 2020-21

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