WASHINGTON — Forecast record-high US sugar production and slightly higher imports in 2020-21 boosted the expected ending stocks-to-use ratio to 16.15%, up from 14.4% in January and up sharply from 12.9% in 2019-20, the US Department of Agriculture said in its Feb. 9 World Agricultural Supply and Demand Estimates report.
Total domestic sugar production in 2020-21 was forecast at 9,312,000 tons, up 156,000 tons, or 1.7%, from the January forecast and up 1,163,000 tons, or 14%, from 2019-20. Beet sugar production was forecast at 5,046,000 tons, up 53,778 tons from January and up 695,000 tons from last year. Cane sugar outturn was forecast at a record 4,265,000 tons, up 102,000 tons from last month and up 467,000 tons from 2019-20.
“Beet sugar production is increased on a projected increase in national sucrose recovery to 15.126%,” the USDA said. “Recoveries in all regions except the Upper Midwest are projected to be