USDA ERS: Sugar and Sweeteners Outlook January 2020
Less Production in Louisiana Lowers U.S. Sugar Production Outlook for 2019/20
U.S. sugar production is lowered for 2019/20 in the January World Agricultural Supply and Demand Estimates (WASDE) due to a reduction in cane sugar production in Louisiana, more than offsetting an increase to beet sugar. Projected imports are raised, with more high-tier sugar expected to be imported due to high domestic prices. With no changes in projected use, ending stocks are lowered, resulting in a stocks-to-use ratio of 12.7 percent for the fiscal year.
The outlook for Mexico’s sugar market in 2019/20 is largely unchanged from the December WASDE. Imports are raised slightly, with production, domestic deliveries, and exports all unchanged. Mexico’s 2019/20 sugarcane harvest has gotten off to a slow start, but the production outlook remains unchanged—its peak harvest season is just getting underway, which should provide better insight into this year’s crop potential.
Michael McConnell, coordinator email@example.com
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