October 2017 Sugar and Sweeteners Outlook

The October World Agricultural Supply and Demand Estimates (WASDE) lowered projected domestic sugar production in 2017/18 by 66,000 short tons, raw value (STRV) from the previous month’s report. Cane sugar production is lowered 26,000 STRV, as the reduction in cane sugar production in Florida, due to the effects of Hurricane Irma, is offset by a projected larger crop in Louisiana. Beet sugar production is lowered 40,000 STRV based on a reduced sugarbeet crop forecast and an increase in early-season production that is accounted for in 2016/17 production estimates.