December 10, 2020
SUGAR: U.S. sugar supply for 2020/21 is increased 357,525 short tons, raw value (STRV) to 14.006 million on projected
increases in imports more than compensating for production decreases and a slight reduction in beginning stocks.
Imports are projected to increase 403,706 STRV to 3.428 million. The largest increase is for imports from Mexico. These
are increased by 271,750 STRV to 1.160 million. Raw sugar 2019/20 TRQ entering in October 2020 has been revised
upward by 96,956 STRV for a total of 248,854 STRV. After the publication of USDA’s Sweetener Market Data this month,
FAS resolved certain anomalies in Customs reporting for TRQ entries. Additional sugar not recorded for October sourced
from Australia, Brazil, and several other countries was determined to have entered. As a consequence of this
adjustment, raw sugar TRQ imports for 2020/21 are projected at 1.381 million STRV, and the 2019/20 raw sugar TRQ
shortfall is estimated at 84,180 STRV. Hightier tariff imports for 2020/21 are increased by 35,000 STRV to 110,000 on the
pace to date.
Annual Meeting -- SAVE THE DATES !
Feb 6-8, 2020