USDA ERS: Sugar and Sweeteners Outlook June 16, 2022

Sugar and Sweeteners Outlook June 16, 2022

U.S. Sugar Production for 2022/23 Lower

Based on Sugarbeet Planting Pace

In the June 2022 World Agricultural Supply and Demand Estimates, U.S. sugar production is lowered for 2022/23 as delayed planting of sugarbeets is forecast to translate to lower yields. Beet sugar production is also reduced for 2021/22 on lower expected early-season production–also an implication of late planting. Cane sugar production is down in both years but at a lesser magnitude. Imports are marginally increased for 2022/23 on revised import data and for 2021/22 on additional raw sugar high-tier imports that entered the U.S. No changes were made to total use for either year. The implied stocks-to-use ratio is 7.6 percent for 2022/23 and 13.6 percent for 2021/22.

Mexico sugar production in 2021/22 is raised 41,000 metric tons (MT), actual weight to 6.208 million on strong pace that is expected to continue in the remaining weeks of the campaign. Production in 2023/23 is unchanged. Domestic deliveries in 2021/22 are increased 135,000 MT to 4.050 million based on stronger pace relative to last year, and this estimate is carried over to 2022/23.

Vidalina Abadam, coordinator

Adeline Yeh, contributor

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