US sugar beet yields offset a drop in cane production, says USDA

Published 2023년 2월 8일

Tridge summary

The US Department of Agriculture has reported good yields from sugar beet growers, which are expected to offset the low yields from sugar cane growers in the South. The USDA has raised its estimate for sugar beet production to 5.1 million short tons from 5.04 million, and has reported problems for Louisiana sugarcane growers, leading to reduced sugar production. The total US sugar production is projected to be around 9.23 million short tons in the 2022/23 season, which is similar to the previous season and is expected to be the second highest on record. Import figures have remained little changed, leading to an estimated comfortable stock/consumption ratio of 14.8%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

NEW YORK (Reuters) - The good yields reported by sugar beet growers in the United States this season will offset the not so good numbers from sugar cane growers in the South and ensure high levels of sugar production for the country, the government said on Wednesday. The US Department of Agriculture (USDA) raised its estimate for sugar beet production in its monthly supply and demand report to 5.1 million short tons (TC) from 5.04 million in the report. earlier, saying sugar beet yields in the top five regions exceeded 10-year averages. On the other hand, the department reported problems for Louisiana sugarcane growers. “With the end of the sugar campaign, the USDA contacted the mills regarding the final production of the crop year. Mills confirmed that yields were below previous USDA estimates due to the freeze in late December,” he said. Louisiana sugar production was reduced by 82,858 TC to 2.03 million TC. Total US sugar production, including beet and cane, is projected at ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.