July 12, 2017

SUGAR: U.S. deliveries for human consumption for 2016/17 are increased by 100,000 short tons, raw value (STRV) to
12.300 million based on pace-to-date through the end of May. Florida sugar production for 2016/17 is increased by
3,795 STRV to 2.055 million based on end-ofseason processor reporting to the USDA. Ending stocks are decreased by the
sum of these adjustments to 1.440 million STRV, implying a stocks-to-use ratio of 11.4 percent. Imports for 2017/18 are
increased by 225,445 STRV to 3.557 million. The increase is comprised of 176,370 STRV of additional specialty sugar that
enters under the 2017/18 refined sugar tariffrate quota and an additional 49,075 STRV from Mexico. Deliveries for
human consumption are projected to increase one-percent over the estimate for 2016/17 to 12.423 million STRV.
Ending stocks for 2017/18 are projected at 1.132 million STRV, implying a stocks-to-use ratio of 9.0 percent.

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