Market Outlook

See the latest Sugar and Sweeteners Outlook report.

U.S. Sugar Supply Lowered in 2022/23,
Mexico’s 2022/23 Exports to the U.S. Reduced

The September 2022 World Agricultural Supply and Demand Estimates (WASDE) reduced the 2022/23 U.S. sugar supply on lower beginning stocks, production, and imports. Total sugar use in 2022/23 is unchanged. Per the terms of the U.S.-Mexico sugar suspension agreements, the level of imports from Mexico is set this month to residually arrive at a stocks-to-use ratio of 13.5 percent. As a result, sugar imports from Mexico are decreased by 115,405 short tons, raw value (STRV) to 1.641 million. There are no other changes from last month to either Mexico’s 2021/22 or 2022/23 balance sheet in the WASDE.