July 11, 2019

SUGAR: U.S. sugar supply for 2019/20 is increased by 95,027 short tons, raw value (STRV) on increases in beginning stocks and production that are only partially offset by a net reduction in imports. Beginning stocks are increased by 235,818 STRV and sugar production is increased by 121,080 STRV based on harvest area forecast by NASS in the Acreage report for sugarcane in Louisiana and aggregate sugarbeet area across U.S. producing regions. Imports for 2019/20 are reduced by 261,872 STRV to 2.957 million.