Sugar & Sweeteners Outlook, July 2017
Strong Pace of Domestic Deliveries Through May Raise
2016/17 Estimates, Lower Ending Stocks
The July World Agricultural Supply and Demand Estimates (WASDE) increased estimated domestic deliveries 100,000 short tons, raw value (STRV) to 12.455 million STRV for 2016/17. The increase is based on the strong pace of deliveries for food and beverage use reported through May. Food and beverage deliveries are estimated to be 12.300 million STRV for the year. Estimated domestic production is increased 4,000 STRV to 8.836 million STRV due to slightly raised cane sugar production in Florida. Beet sugar production estimates are unchanged at 4.988 million STRV. Ending stocks estimates for 2016/17 are reduced 96,000 STRV, with the stocks-to-use ratio at 11.5 percent, compared with the previous month’s report’s estimate of 12.3 percent.
Sugar and Sweeteners Outlook is published monthly and contains analyses of developments in U.S. and Mexican sugar markets. Recurring features also include analyses of developments in world sugar markets and the North American Free Trade Agreement (NAFTA) high fructose corn syrup (HFCS) market.
The July Sugar & Sweeteners Outlook report and previous reports are here, http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1386.