Tridge summary
The U.S. Department of Agriculture (USDA) has predicted an all-time high in sugar production for the 2024/25 season, reaching 9.40 million short tons. This includes a significant increase in beet sugar production from 5.16 million short tons to 5.33 million short tons, while cane sugar production remains stable. The total production is anticipated to improve market availability of sugar, which has been tight in recent years. The expected sugar stocks-to-use ratio is 15.4%, exceeding the USDA's adequate level of 13.5%, indicating a sufficient supply. Additionally, imports are projected to decrease to 2.96 million metric tons from last season's 3.81 million metric tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
By Marcelo Teixeira NEW YORK (Reuters) - U.S. sugar production was forecast on Friday at an all-time high of 9.40 million short tons (ST) in the 2024/25 (October-September) season as beet processors reported good industrial yields from the current crop, the USDA said. The U.S. Department of Agriculture (USDA) raised its forecast for beet sugar to 5.33 million short tons from 5.16 million short tons in December. Cane sugar production was unchanged at 4.06 million metric tons. The previous record for U.S. sugar production was set last season (2023/24) at 9.3 million metric tons. The record crop is expected to improve sugar availability in the local market after a few years of tight supplies, according to USDA data. The sugar stocks-to-use ratio, a proxy ...
Source: NoticiasAgricolas
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