FY2026 Sugar Supply and Demand Outlook
Overview
The Ministry of Agriculture, Forestry and Fisheries prepared supply and demand outlooks for sugar and isomerized sugar for Sugar Year 2026 and the October to December period of that year to support appropriate price adjustments for sugar and related products. Annual consumption is projected at 1,750 thousand tonnes of refined sugar and 765 thousand tonnes of isomerized sugar. The materials present consumption and supply projections by product, along with terminology and aggregation standards.
Key points
- Annual refined sugar consumption is projected at 1,750 thousand tonnes (up 0.7% year on year, or 12 thousand tonnes).
- Annual isomerized sugar consumption is projected at 765 thousand tonnes (up 2.7% year on year, or 20 thousand tonnes).
- The Ministry of Agriculture, Forestry and Fisheries prepared supply and demand outlooks for Sugar Year 2026 and the October to December period of that year.
Overview
Under the Act on Price Adjustment of Sugar and Starch (Act No. 109 of 1965), the Ministry of Agriculture, Forestry and Fisheries prepares quarterly outlooks to support appropriate price adjustments. This outlook covers Sugar Year 2026 and the October to December period of that year.
Impact
The supply and demand outlook presents future consumption and supply volumes and is intended to be useful to producers, manufacturers, users with actual demand, and others.
Details
Annual consumption is projected at 1,750 thousand tonnes of refined sugar, 37 thousand tonnes of unrefined sugar, 311 thousand tonnes of sugar preparations, and 765 thousand tonnes of isomerized sugar. Year on year, the changes are respectively up 0.7% (12 thousand tonnes), unchanged, down 6.3% (21 thousand tonnes), and up 2.7% (20 thousand tonnes). For October to December, the respective projections are 462.0 thousand tonnes, 8.0 thousand tonnes, 82.7 thousand tonnes, and 169.1 thousand tonnes.
Supply is projected at 665 thousand tonnes of domestically produced sugar for the year and 342.3 thousand tonnes for October to December; imported sugar is projected at 1,116 thousand tonnes for the year and 285.6 thousand tonnes for the same period. Sugar preparations are projected at 311 thousand tonnes for the year and 82.7 thousand tonnes for the period, while isomerized sugar is projected at 765 thousand tonnes for the year and 169.1 thousand tonnes for the period.
A sugar year runs from October 1 of the relevant year through September 30 of the following year. Refined sugar is made by crystallizing sugar juice and separating the molasses; unrefined sugar includes brown sugar, which is solidified without separating the molasses. Refined sugar, domestically produced sugar, and imported sugar are aggregated on a refined sugar basis, while unrefined sugar is aggregated on a product basis. Isomerized sugar is a liquid sugar made from a mixture of glucose and fructose and is used mainly in soft drinks.