Producer price index down for raw sugar, up for refined sugar
USDA’s Producer Price Index (PPI) for refined beet sugar has trended higher since the start of calendar 2017. For 2017/18 through June, the average PPI for refined beet sugar is reported up 9.4 percent or around 13 index points from the average in 2016/17. By comparison, the PPI for refined cane sugar is up just 1.5 percent from 2016/17. This is a continuation of last year for refined cane, which saw its PPI rise 1.4 percent, unlike the beet PPI, which dipped 4.1 percent in 2016/17.
The average refined cane PPI has fallen 5.2 percent this season, reversing 2016/17’s growth of 4.6 percent from 2015/16. The PPI for corn sweeteners has grown 1.5 percent in 2017/18, slower than the growth of 4.7 percent in 2016/17.
Looking at the averages for five-year periods, from 2012/13 through 2016/17 vs. 2007/08 through 2011/12, the corn sweetener PPI fell by 7.1 percent, close to the 6.8 percent drop for the raw cane sugar PPI of 6.8 percent. For that five-year comparison for refined sugar, cane was up 2.0 percent, while beet was down 5.7 percent.
Average domestic sweetener producer price index (PPI)
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