Sugar and Sweeteners Outlook: June 2011

Overview

On May 19, 2011, the U.S. Department of Agriculture (USDA) released the World Production, Supply and Distribution (PSD) for centrifugal sugar. World exports are projected to increase 3.1 million metric tons raw value (MTRV) to 55.7 million MTRV in 2011/12. Significant export growth is expected in Brazil, Thailand, and India. At the same time, imports are projected to decline by 3.05 million MTRV in 2011/12. The USDA projects a 2011/12 world sugar surplus (world production less consumption) of 6.480 million MTRV. This surplus builds on the estimated 2010/11 world sugar surplus of 1.626 million MTRV in 2010/11.