USDA ERS: Sugar and Sweeteners Outlook May 2021
U.S. Sugar Production Projected Larger, but Supplies Tighter with Smaller Imports
U.S. production of sugar is expected to be record-high in 2021/22 (figure 1) with larger beet sugar output more than offsetting smaller cane sugar production. Beginning stocks are projected larger, but total supply is still anticipated to be smaller with decreased imports. Deliveries are projected unchanged from the current year and ending stocks are forecast lower. For 2020/21, a reduction to Florida cane sugar production more than offsets an increase to beet sugar production. Imports are projected marginally higher, deliveries are unchanged this month, and stocks are projected lower. For Mexico, both production and deliveries are forecast smaller in 2021/22 and revised lower in 2020/21
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