Sugar & Sweeteners Outlook, May 2018 (summary)
Lower Production Projected for U.S. Sugar Market in 2018/19
U.S. sugar production in 2018/19 is projected to decline 3.0 percent compared with 2017/18, totaling 8.981 million short tons, raw value (STRV). Declines are projected for both beet sugar production (down 3.7 percent) and cane sugar production (down 2.2 percent). Domestic sugar use is projected to increase 1.4 percent, including 12.500 million STRV of deliveries for food and beverage use. Imports are also projected to decline, by 1.7 percent, primarily due to fewer imports under quota programs. Imports from Mexico are projected to increase nearly 30 percent. The net result is projected ending stocks of 1.542 million STRV for 2018/19 and a stocks-to-use ratio of 12.1 percent. This suggests a tighter U.S. sugar market than the 2017/18 estimate, which has a stocks-to-use ratio of 15.0 percent.