Market Outlook

See the latest Sugar and Sweeteners Outlook report.

U.S. Sugar Supply Lower in 2022/23; Use

In the May 2022 World Agricultural Supply and Demand Estimates, U.S. sugar ending stocks for 2022/23 are lower than 2021/22 primarily on smaller supply. Larger 2022/23 beginning stocks, relative to 2021/22, are offset by lower domestic sugar production, primarily of beet sugar, and lower imports that are set at the minimum levels consistent with trade agreements and average production of U.S.-bound Mexican sugar. U.S. total use in 2022/23 is projected to be flat with the current 2021/22 estimate. Thus, 2022/23 ending stocks are 1.266 million STRV, which translates to a 10.1-percent stocks-to-use ratio.