Projected U.S. sugar supply for fiscal year 2011/12 is increased 86,000 tons, raw
value, from last month, due to higher production more than offsetting lower imports. Florida
cane sugar production is increased 130,000 tons based on processors= production projections
reported in Sweetener Market Data. Imports are decreased 44,000 tons, as a 219,000-ton
decrease from Mexico more than offsets a 100,000-ton increase in re-export imports and a
75,000-ton increase attributed to corrected import data from U.S. Customs. Total use is
decreased 170,000 tons. Domestic food use is lowered 250,000 tons based on a slower-thanexpected pace to date.
Exports and deliveries for re-export products are increased a
combined 80,000 tons in line with the increase in re-export imports.
For Mexico, official data for 2010/11 show lower imports, higher domestic use, and lower
ending stocks than estimated last month. For 2011/12, Mexico’s projected domestic use is
raised and ending stocks are raised commensurately. Also, Mexico=s 2011/12 imports of
sugar due to the U.S. sugar re-export program are increased. The net result of these changes
is lower 2011/12 sugar exports.
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