U.S. sugar prices to ease by 4% with government support and sufficient global supply

IndexBox has just published a new report: ‘U.S. – Sugar – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings. In 2022, sugar prices in the U.S. are forecast to drop 4% y/y with support measures from the American government and expected sufficient global supply. Last year, the average retail refined sugar price in America jumped by 8% y/y to 68.4 cents per pound. According to USDA data, sugar prices in the U.S. rose moderately last year, although domestic production recorded growth during that period. In 2021, the average retail refined sugar price in the U.S. amounted to 68.4 cents per pound, increasing by 8% y/y. This was the highest spike in annual retail sugar prices since 2011. Related Content: American beet and cane sugar production rose by 10% y/y to 8.3M tonnes last year. Yield per harvested sugarbeet area increased by 13% y/y to 33.2 tonnes per acre. Combined with supply chain disruptions related to Hurricane Ida, rising ...