USDA ERS: Sugar and Sweeteners Outlook April 2020
Higher Imports Raise Expected U.S. Sugar Stocks for 2019/20
The U.S. Department of Agriculture increased volumes of the 2019/20 World Trade Organization (WTO) raw and refined Tariff Rate Quotas (TRQs), resulting in higher supplies and ending stocks forecast for 2019/20. The projected ending stocks-to-use ratio is still expected to be historically tight, but it is significantly higher than the previous month’s forecast.
Mexico’s sugarcane had an unprecedented area harvest rate during March, but it is still experiencing low yields due to widespread drought conditions. Production for 2019/20 is raised slightly, allowing for small additional supplies to be exported to both the United States and other destinations.
Michael McConnell, coordinator firstname.lastname@example.org
DW Montgomery & Company has provided extensive market and contractual expertise within the sugar industry for over 70 years. Our family has now three generations working within the business and has grown to include a large variety of organic and natural ingredients. It is our pleasure to serve you and assist you in your purchasing needs.
All the best,
David Montgomery, Jr., Paul Montgomery, Andrew Montgomery, and David Montgomery III