January 12, 2023
SUGAR: U.S. sugar supply for 2022/23 is increased 178,027 short tons, raw value (STRV) over last month. Revisions for 2021/22 increase 2022/23 beginning stocks by 4,472 STRV. Louisiana production in September 2022 is increased by 19,259 STRV on processor reporting. This is partially offset by an increase in miscellaneous adjustments in use reported in the 2021/22 Sweetener Market Data (SMD). Because September production in Louisiana is a product of the 2022/23 sugarcane harvest, Louisiana production in 2022/23 is adjusted downward by the September 2022 amount but partially offset by an increase in projected production in September 2023. More significantly, Louisiana production is increased due to the January NASS forecast of sugarcane for sugar production increasing by 5.1 percent over last month to 15,818,000 tons. Sucrose recovery is unchanged at 13.48 percent. Production for the fiscal 2022/23 year is now 2,112,885 STRV, up 88,216 over last month.
Annual Meeting -- SAVE THE DATES !
Feb 6-8, 2020