WASDE: Projected U.S. Sugar Supply for Current Year Is Down 5.6 %

SUGAR:
Projected U.S. sugar supply for fiscal year 2014/15 is down 5.6 percent from 2013/14, as lower beginning stocks and imports overwhelm a 0.2 percent rise in production. Lower beet sugar production reflects reduced area and a return to trend yields, while higher cane sugar production is based on trend yields. Imports under the tariff rate quota (TRQ) assume minimum U.S. commitments to import raw and refined sugar and projected shortfall. The Secretary will establish the TRQ at a later date. Total use is down 2.4 percent and ending stocks are 31.2 percent below a year earlier.

For Mexico, 2014/15 supplies are down 4.5 percent from 2013/14, as lower beginning stocks are only partially offset by higher production. Domestic use is flat, in keeping with recent trends, and ending stocks are unchanged, based on trends in population and reasonable carryover requirements. Exports are projected lower, with shipments to the U.S. market down 23.0 percent from 2013/14.

Source: USDA