Sugar Annual Report, Nicaragua – 7th May 2021

The Nicaraguan sugar industry estimates that sugarcane production in MY2021/2022 will exceed 7.1 million metric tons (MMT) which would be a two percent increase from MY 2020/2021. The expected increase in production is due to an expansion of 1,000 hectares of area planted spurred on by the increase of up to 25 percent in international sugar prices in 2021 compared to the previous year. In MY 2020/2021, three of the four major sugar mills reduced area planted by 4,400 hectares in aggregate, which is equivalent to five percent reduction in area planted. Despite this reduction, sugar cane production totaled 6.9 MMT, only a one percent decrease compared to MY 2019/2020.