Sugar and Sweeteners Outlook: February 2010

by Stephen Haley

In the February 2010 World Agriculture Supply and Demand Estimates (WASDE), projected fiscal year (FY) 2010 production for Mexico is reduced 200,000 metric tons, raw value (MTRV) from last month based on weather-reduced sugar yields to date. Exports are reduced by the same amount. Projected FY 2010 U.S. sugar supply is decreased by 85,000 short tons, raw value (STRV) from last month due to lower imports from Mexico, more than offsetting higher sugar production. Imports from Mexico are reduced by 220,000 STRV.

Keywords: Production; sugar; imports; exports; ending stocks; supply; stocks-to-use ratio; deliveries; sugarcane; projections

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