USDA Sugar and Sweeteners Outlook – 17th August, 2023
18th August 2023
U.S. Stocks-to-Use Ratio Higher in 2022/23 and 2023/24; Mexico’s 2022/23 Imports Up
In the August 2023 World Agricultural Supply and Demand Estimates (WASDE) report, the U.S. sugar supply in 2022/23 is raised from last month on increased imports offsetting the slight downward adjustment in beet sugar production. The 2022/23 sugar use is lowered by 25,000 short tons, raw value (STRV) to 12.715 million on the continued slowdown
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