Mexico’s sugar market has seen low production and pricing compared to previous estimates. Prices for sugar have been lagging compared to what they were last year and, in the week of Feb. 20, estandar prices continued to fall, down about 1 percent from the [...]
The January 2022/23 U.S. corn outlook is for reduced supplies, exports, domestic use, and ending stocks compared to December estimates. USDA lowered forecast supply because of the reduction of the harvested corn area, affecting production. Domestic use declined 35 million bushels to 12 billion [...]
Mexico’s sugarcane campaign has picked up speed, with 46 mills now crushing. In the week ending Dec. 17, crush was down 6 percent YOY. With yield down at 9.3 percent vs. 10.1 percent a year ago, production for the week was 178,764 MT, down [...]
Mexico’s sugarcane crush was 5,935 hectares (ha) in the week ending Nov. 26, down from 6,414 ha the previous week and 7,619 a year prior. Crush did accelerate in the last two reported weeks but was still down 27 percent YOY. Sugar production through [...]
From April through July, center-south cane crush was down 7 percent YOY. Sugar production was down 13 percent YOY at some 16.0 MMT, while ethanol manufacturing was down 4 percent YOY at 13.7 billion liters. The cumulative sugar share of cane use was 44 [...]
Through mid-March, India’s 2021/22 sugar production totaled 28.326 MMT, up about 9 percent YOY thanks to favorable pre-monsoon and monsoon rains last year. ISMA estimates 2021/22 sugar production near 33.3 MMT, above our most recent estimate near 31.3 MMT. More favorable rains are forecast [...]
The first official crop forecast for Mexico’s 2021/22 crop shows production at 6.116 MMT, up from estimated 2020/21 production of 5.715 MMT (USDA). This 2021/22 forecast is also up from the recent USDA forecast of 5.940 MMT. Favorable weather conditions to date had been [...]
Historically a major sugar supplier, Thailand saw its exports climb above 10 MMT in 2018 and 2019 thanks to back-to-back crops above 14 MMT. Drought lowered its 2019/20 crop to a ten-year low of under 8.3 MMT, however, halving its exports that season. With [...]
