U.S. sugar production is estimated down to 8.4 million tonnes — USDA
U.S. sugar production is estimated down slightly to 8.4 million tonnes on lower sugarbeet and sugarcane yields.
It is reported by USDA in its November report.
Imports are estimated down based on projected quota programs set at minimum levels consistent with World Trade Organization and free-trade agreement obligations, and on projected imports from Mexico, re-exports, and high-tier tariff imports. Consumption is practically unchanged while stocks are reduced with the lower imports.