April 12, 2016

SUGAR: U.S. sugar production for 2015/16 is decreased by 35,418 short tons, raw value (STRV) due to lower expected
sucrose recovery from both sugarbeet slicing and from sugarcane milling in Florida. Imports are increased by 8,646
STRV, mostly due to more calendar year 2016 shipments under Free Trade Agreements occurring in the fiscal year
2015/16 than originally anticipated. Imports from Mexico are lowered slightly on the basis of a rounding adjustment.
There are no use changes. Ending stocks for 2015/16 are projected at 1.619 million STRV, implying a stocks-to-use ratio
of 13.3 percent. WASDE-552-4 Mexico sugar deliveries for 2015/16 human consumption are lowered by 25,241 metric
tons (MT) to 4.319 million. Exports are reduced slightly due to a rounding adjustment. Ending stocks are projected at
1.160 million MT implying a stocks-to-consumption ratio of 26.85 percent.

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