2010 World Agricultural Supply and Demand Estimates

Published online: Jan 18, 2010 USDA-ERS News Letter
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Sugar and Sweeteners Outlook In the January 2010 World Agricultural Supply and Demand Estimates (WASDE),projected fiscal year (FY) 2010 U.S. sugar supply is increased by 74,000 short tons, raw value (STRV) from last month due to higher cane sugar production and lower imports. Higher cane sugar production in Louisiana more than offsets lower output in Florida and Hawaii. The Florida and Hawaii estimates are based on reduced area harvested, as reported by processors to the Farm Service Agency. Louisiana sugar production is based on factory-level information through the end of December and projected output for the remaining 2 weeks of the campaign in January. Imports and exports under the U.S. reexport program are reduced 50,000 STRV-each based on the slow pace to date. Sugar use is unchanged. Ending-year stocks are increased 124,000 STRV to 1.140 million STRV. For Mexico, projected FY 2010 supply is reduced 242,000 metric tons, raw value (MTRV) from last month. Production is lowered 100,000 MTRV, based on weatherreduced sugar yields to date. Imports of 55,000 MTRV under Mexico's import quota, which did not arrive in FY 2009, are expected to arrive in FY 2010. This shift is nearly offset by reduced imports from U.S. refiners under the re-export program. For FY 2009, reduced ending stocks result from lower imports and higher exports based on final data from Mexico. U.S. Sugar In the January 2010 World Agricultural Supply and Demand Estimates (WASDE), the U.S. Department of Agriculture (USDA) published complete-year U.S. sugar supply and use estimates for fiscal year (FY) 2009 and projections for FY 2010. U.S. beet sugar production for FY 2010 is projected at 4.400 million short tons, raw value (STRV), a drop of 450,000 STRV from its expected value in August 2009 and only 5.6 percent more than last year's small crop of 4.166 million STRV. The entire report is on the USDA website at www.ers.usda.gov/Publications/SSS/ Stephen Haley, coordinator shaley@ers.usda.gov www.ers.usda.gov/Publications/SSS/2010/Jan/SSS-M-257.pdf