See the latest Sugar and Sweeteners Outlook report.
U.S. 2025/26 Sugar Supply Is Increased and Use Is Lowered; Mexico’s 2025/26 Sugar Production Is Decreased
The U.S. 2025/26 sugar supply is forecast at 14.125 million short tons, raw value (STRV), up 5,400 STRV from last month, as the increase in domestic sugar production more than offsets a decrease in imports. U.S. 2025/26 sugar use is lowered 50,000 STRV to 12.203 million, solely on the reduction of expected U.S. sugar exports, mainly to Mexico. Deliveries for human consumption are unchanged at 12.048 million STRV. With a larger supply and lower use, ending sugar stocks are raised 55,000 STRV to 1.922 million. The corresponding sugar stocks-to-use ratio is 15.8 percent, up 0.5 percentage points.
Mexico’s 2025/26 sugar production is lowered from last month by 47,000 metric tons (MT) to 5.047 million on slower-than-expected harvest pace.