June 2017 Sugar and Sweeteners Outlook

The June World Agricultural Supply and Demand Estimates (WASDE) reduced projected U.S. sugar supplies by 430,000 short tons, raw value (STRV) to 13.606 million STRV for 2017/18. Reduced supplies are due to a 527,000-STRV reduction in projected imports—all of which is due to fewer imports from Mexico. The reduction of imports is partially offset by a 59,000-STRV increase in beginning stocks and a 38,000-STRV increase in domestic production; both are related to a raised production outlook for the 2017/18 sugarbeet crop and a higher expected proportion produced before the October 1 beginning of the fiscal year.