Current Supply and Demand

WASDE Report (May 12, 2023)

SUGAR: U.S. sugarbeet production for 2023/24 is projected at 33.345 million tons with yield forecast at 30.77 tons/acre and area harvested projected at 1.084 million acres. Recent year regional averages and trends are applied to NASS forecasts of area planted from Prospective Plantings for projected planted-to-harvest ratios and State-level sugarbeet yields. Assuming average regional levels of beet pile shrink and slicing recovery, beet sugar production for the August-July crop year and fiscal year is at 4.961 million short tons, raw value (STRV). Cane sugar production for 2023/24 is projected at 4.264 million STRV. Based on analysis of area and yield developments, production levels in Florida, Louisiana, and Texas are expected to be modestly above 2022/23 levels. For 2022/23, Florida cane production is decreased by 28,669 STRV to 2.015 million on processors’ reporting.

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