US sugar production falls due to warmer than normal weather

Sugar

United States

Sustainability & Environmental Impact

Market & Price Trends

Published Mar 11, 2024

Tridge summary

The US Department of Agriculture (USDA) predicts a drop in the country's sugar production for 2023/24 due to warmer weather affecting beet growth. The total production, including cane sugar, is expected to be 9.24 million short tons, a decrease from the 9.35 million predicted in February. The USDA also lowered its estimate for low-tariff imports from Mexico, due to adverse weather conditions there. However, the deficit will be offset by an increase in imports under the tariff-rate quota.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The United States’ 2023/24 (Oct-Sept) sugar production will be lower than previously projected due to warmer than normal weather in areas of the country where farmers grow beet, the government forecast on Friday. “Beet sugar production is down 155,761 short tons on higher beet pile shrink mostly due to warmer-than-average temperatures in the Red River Valley and Michigan and on lower sucrose recovery reported in aggregate by beet processors,” said the U.S. Department of Agriculture (USDA). With the change, total U.S. sugar production including cane sugar produced in southern states was estimated at 9.24 million short tons (ST), compared with 9.35 million ST in February. The USDA further cut its estimate for low-tariff imports from Mexico to 666,000 ST from 799,000 ST in February as the neighboring country’s crop suffered ...

Source: Hellenic Shipping News