Sugar production expansion slow, but positive

THE market for Australia's high-quality sugar from Asia far outpaces the Australian sugarcane industry's ability to expand.

That said, the industry is in an expansion phase.

Reports are coming in from around the sugarcane growing districts, which extend from Mossman in Far North Queensland to Grafton, of increased plantings which are really underscoring the revival.

Greater areas planted to sugarcane will further bolster the booming industry in coming years - necessary growth to meet growing demand from Asia.

Some areas are reporting large tracts of land being returned to sugarcane after many years of being used for then higher value crops.

Of particular note is the amount of land formerly planted to trees under the then heavily subsidised managed investment schemes, coming back into cane.

New mill owners are playing their own part, offering incentives to increase plantings and therefore throughput to their mills.

About 80% of Australia's sugar crop is exported, making global sugar prices important to profitability of the industry.

While sugar prices have come off their highs due to an emerging surplus, the demand for Australian sugar is strong due to increasing demand from our biggest customer - Asia.

Topics:  sugar cane, sugar industry



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