WASDE
SUGAR: Mexico sugar supply for 2022/23 is increased by 31,402 metric tons (MT) to 6.474 million on increased imports. Sugar exports are reduced by 54,098 MT to 1.011 million. This reduction is based on a full-year accounting made by FAS of imports from Mexico. This final estimate becomes the USDA…
Read MoreSUGAR: U.S. sugar supply for 2022/23 is raised by 90,589 short tons, raw value (STRV) on increased production and imports while use is decreased by 55,000 on lower deliveries partially offset by an increase in exports. Beet sugar production is increased 31,812 STRV on final August-July crop year production reported…
Read MoreSUGAR: Mexico sugar supply for 2022/23 is increased by 125,000 metric tons (MT) to 6,388,512 on an increase in imports. Sugar stocks have decreased substantially in both May and June driving domestic prices to historically high levels and incentivizing high-tier tariff imports. Official trade data showing sugar exports to Mexico…
Read MoreSUGAR: U.S. sugar supply for 2022/23 is raised by 82,447 short tons, raw value (STRV) on increased imports only partially offset by lower production while use is lowered 75,000. The resulting 157,447-STRV stock increase pushes the total to 1,840,610 STRV for an ending stocks-to-use ratio of 14.45 percent. U.S. beet…
Read MoreSUGAR: Mexico production for 2022/23 is estimated at 5.230 million metric tons (MT), down 155,000 from last month on a low sugarcane yield below 60.0 MT/hectare (3.2 standard deviations below the preceding 9-year average) and sucrose recovery below 11.0 percent (0.9 standard deviations below). There are 10 factories operating as…
Read MoreSUGAR: U.S. sugarbeet production for 2023/24 is projected at 33.345 million tons with yield forecast at 30.77 tons/acre and area harvested projected at 1.084 million acres. Recent year regional averages and trends are applied to NASS forecasts of area planted from Prospective Plantings for projected planted-to-harvest ratios and State-level sugarbeet…
Read MoreSUGAR: U.S. sugar supply is increased by 176,692 short tons, raw value (STRV) to 14.637 million on increased imports from last month. On March 13, 2023, USTR announced the reallocation of 247,182 STRV from countries that stated they do not plan to ship their original raw sugar TRQ allocation. USDA…
Read MoreSUGAR: Ending stocks for 2022/23 are reduced by 154,186 short tons, raw value (STRV) to 1,720,240 on lower supply and increased use, resulting in an ending stocks-touse ratio of 13.5 percent. An increase in U.S. sugar production is more than offset by lower expected imports. Beet sugar production is increased…
Read MoreSUGAR: U.S. sugar supply for 2022/23 is decreased 10,135 short tons, raw value (STRV) from last month as a reduction in sugar production more than offsets small increases in beginning stocks and imports. Louisiana sugar production is reduced by 82,858 STRV to 2.030 million. With the sugar campaign ended, USDA…
Read MoreSUGAR: U.S. sugar supply for 2022/23 is increased 178,027 short tons, raw value (STRV) over last month. Revisions for 2021/22 increase 2022/23 beginning stocks by 4,472 STRV. Louisiana production in September 2022 is increased by 19,259 STRV on processor reporting. This is partially offset by an increase in miscellaneous adjustments…
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