World Sugar Production 2024. Global sugar production in 2023/24 is set to be the second highest on record. Sugar increased 1.67 cents/lb or 8.12% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity.

Second revision of the 2023/24 balance reveals a modest deficit of 0.689 mln tonnes. Produced four times a year in conjunction with the iso quarterly market outlook.