USDA ERS: Sugar and Sweeteners Outlook January 2021

Sugar and Sweeteners Outlook January 2021

U.S. Sugar Supplies Raised as Larger Production

More Than Offsets Reduced Imports

Sugar production is raised in 2020/21, mainly driven by an upward revision to beet sugar production based on a higher expected extraction rate. Cane sugar production is also increased, with larger expected output in Louisiana. Imports are lowered for 2020/21 and raised for 2019/20 based on a revision to Customs data. The increase to 2019/20 trade results in an increased estimate of direct consumption. Weaker imports for 2020/21 are more than offset by the upward revisions to production, resulting in larger ending stocks and a slight boost to the ending stocks-to-use ratio. The only changes to Mexico’s supply and utilization figures this month are minor offsetting export adjustments.

Andrew Sowell, coordinator

Ronald Lord and Michael McConnell, contributors

Michael McConnell, coordinator

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