Sugar and Sweeteners Outlook: January 2011

by Stephen Haley and Michael J. McConnell

In the World Agricultural Demand and Supply Estimates (WASDE) released on January 12, 2011, projected U.S. sugar supply for fiscal year (FY) 2011 is decreased 88,000 short tons, raw value (STRV) from last month. Cane sugar production in Florida is reduced 100,000 STRV to 1.6 million STRV, based on processor forecasts. In mid-December, the Florida sugarcane-producing area experienced a severe freeze. According to processor reports, this freeze resulted in widespread damage to existing sugarcane crops awaiting harvest and recently planted sugarcane meant for harvest next year.

Keywords: Production; sugar; supply; disappearance; imports; export; use; estimates; domestic; crop year; cost averages; cane sugar

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