SUGAR: U.S. beet sugar production for 2018/19 is increased 103,694 short tons, raw value (STRV) to 5.004 million based on a lower projected shrink of 5.0 percent, down from 6.9 percent last month, and a slight increase in projected recovery from sliced beets. Cane sugar production is decreased 18,050 STRV to 4.099 million based on reporting by processors in Florida and Texas. Imports from Mexico for 2018/19 are projected to decrease 223,635 STRV to 896,692 while high-tier tariff imports are projected to increase 10,000 STRV to 55,000 based on the pace to date. With no change to 2018/19 use, ending stocks are projected at 1.668 million STRV, implying a stocks-to-use ratio of 13.55 percent.
Annual Meeting -- SAVE THE DATES !
Feb 6-8, 2020