SUGAR: The U.S. sugar supply for 2021/22 is increased 45,434 short tons, raw value (STRV) as an increase in cane sugar
production is only minimally offset by a reduction in imports. Louisiana cane sugar production for 2021/22 is increased
by 49,170 STRV to 1,905,741 on industry reporting. The sugarcane harvest ran longer through January than normal and
the crop had strong sucrose content. Raw sugar imports entering under the 2020/21 TRQ that had been extended to
December 31 are adjusted down 3,736 STRV by U.S. Customs and Border Protection. There is no change to sugar use this
month. Ending stocks are increased by the amount of increased supply to 1,818,472 STRV for a stocks-to-use ratio of
14.74 percent.
There are only small changes for the 2021/22 Mexico supply and use. Imports for consumption are reduced by 9,000
metric tons (MT) due to lower domestic prices. Deliveries to the IMMEX program are increased by 11,057 MT to 497,000
on greater pace-to-date deliveries. Ending stocks are up slightly and residually determined exports, other than those to
the United States under the AD/CVD Suspension Agreements, are reduced by 22,360 MT.