Market Outlook

 

Sugar and Sweeteners Outlook: July 2021

Summary

 

Higher U.S. Sugar Imports More than Offset Lower Production in 2021/22

Reductions in both beet and cane sugar production lower the total U.S. 2021/22 sugar production by 302,000 short tons raw value (STRV). U.S. imports from Mexico in 2021/22 are increased as a result of the formula provided for in the U.S./Mexico sugar suspension agreements. U.S. high-tier sugar imports are lowered for both fiscal 2019/20 and 2020/21 because of errors detected in the source data. For Mexico, exports to other markets in 2021/22 are residually lower to account for increased exports to the United States. Mexico’s 2020/21 production is increased marginally as the season nears its end.



See the Sugar & Sweeteners Outlook.