USDA trims 2018/19 sugar output forecast, keeps demand unchanged

In a typically quiet WASDE report, USDA lowered 2018/19 sugar production a combined 42,457 short tons raw value (STRV) on a 7,000 STRV cut for beet sugar and a 36,000 STRV cut for Florida cane sugar. With imports and demand unchanged, 2018/19 carryout fell [...]

Higher sugar stocks: Lower use, not lower demand for U.S. sugar?

USDA now estimates beginning sugar stocks for the 2018/19 marketing year at 2.008 million short tons raw value (STRV). The bump in estimated stocks comes from a reduction in miscellaneous use in USDA’s February WASDE report, which is explained as an adjustment to data [...]