November 8, 2019

SUGAR: Estimates of U.S. sugar supply and use for 2018/19 are revised on complete fiscal year Sweetener Market Data (SMD) and trade data through September from U.S. Census and FAS. Beet sugar production is increased 29,680 short tons, raw value (STRV) and Louisiana cane sugar production is increased 29,015 STRV, both on higher-than-expected production in September 2019. Deliveries for human consumption are estimated at 12.106 million STRV, a reduction of 19,347 from last month. Delivery growth of 0.5 percent over the previous year results from a relatively large increase in direct consumption imports. Combined domestic beet and cane sugar processors’ deliveries have remained flat since 2016/17. Ending stocks are estimated at 1.779 million STRV implying an ending stocks-touse ratio of 14.5 percent and adding 54,105 STRV to 2019/20 beginning stocks over last month.

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Feb 6-8, 2020
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