November 9, 2016

SUGAR: The projection of beet sugar production from the 2016 sugarbeet crop is decreased slightly as reductions of area harvested and recovery
offset an increase in sugarbeet yield. Fiscal year 2016/17 beet sugar production is further decreased by 94,649 short tons, raw value (STRV)
because of earlier-than-forecast harvesting taking place in September, consequently increasing the 2015/16 beet sugar production total by that
same amount. Cane sugar production for 2016/17 is increased by 1,121 STRV as an increase in Florida is almost offset by a reduction in Louisiana.
Cane sugar production for 2015/16 decreased by 13,136 STRV based on the complete fiscal year Sweetener Market Data (SMD).