July 2017 Sugar and Sweeteners Outlook

The July World Agricultural Supply and Demand Estimates (WASDE) increased estimated domestic deliveries 100,000 short tons, raw value (STRV) to 12.455 million STRV for 2016/17. The increase is based on the strong pace of deliveries for food and beverage use reported through May. Food and beverage deliveries are estimated to be 12.300 million STRV for the year. Estimated domestic production is increased 4,000 STRV to 8.836 million STRV due to slightly raised cane sugar production in Florida.