TopicsTopics

Stay Connected

Follow ERS on Twitter
Subscribe to RSS feeds
Subscribe to ERS e-Newsletters.aspx
Listen to ERS podcasts
Read ERS blogs at USDA

Sugar and Sweeteners Outlook: September 2011

by Stephen Haley

Outlook No. (SSSM-277) 15 pp, September 2011

On September 12, 2011, the USDA released its latest U.S. and Mexico sugar supply and use estimates for fiscal year (FY) 2011 and projections for FY 2012 in the World Agricultural Supply and Demand Estimates (WASDE) report. For FY 2011, the USDA increased its estimate of tariff-rate quota (TRQ) shortfall and accounted for early entry of imports from the FY 2012 raw sugar TRQ and deferral of some FY 2011 raw sugar TRQ imports until the first month of the next fiscal year. For FY 2012, the USDA reduced its projection of beet sugar production to 4.575 million short tons, raw value (STRV), a reduction of 175,000 STRV, or 3.7 percent, compared with last month’s projection. The reduction was made in response to lower sugarbeet production forecasts by the National Agricultural Statistics Service (NASS). NASS forecast sugarbeet production at 29.180 million tons, a reduction of 1.213 million tons, or 4.0 percent compared with last month’s forecast. NASS cited wet field conditions, along with disease and hail damage, in half of the sugarbeet growing areas as reasons for reduced production prospects. No change was made to the FY 2012 cane sugar production forecast. Trade and total use projections remained the same as last month's as well. Ending stocks projected for FY 2012 are decreased 215,000 STRV (lower beet sugar production combined with fewer beginning stocks) to 1.127 million STRV. The implied stocks-to-use ratio is 9.8 percent, a drop of 1.9 percentage points from last month. Supply and use estimates and forecasts in Mexico remained the same as those for last month.

Keywords: Sugar, exports, imports, yield, production, ending stocks

In this publication...

Need help with PDFs?

Last updated: Thursday, July 05, 2012

For more information contact: Stephen Haley

Share or Save this Page