Sugar and Sweeteners Outlook: March 2021
U.S. Sugar Supplies Lowered as Smaller Imports More than Offset Larger Production
Production of beet sugar is raised this month with a higher anticipated extraction rate. Cane sugar production is increased in Louisiana, more than offsetting a small reduction for Texas. Total supply is reduced based on a downward revision to imports, which is mainly on account of decreased imports from Mexico. Domestic deliveries are reduced on a weak pace through the first 4 months of the fiscal year. U.S. ending stocks are revised lower, as is the projected stocks-to-use ratio. Mexico’s sugar production and deliveries are projected smaller. Mexico’s exports to the United States are reduced, with larger shipments projected to other markets.
See the Sugar & Sweeteners Outlook.