World Agricultural and Demand Estimates February 11, 2025

SUGAR: U.S. sugar supply for 2024/25 is decreased by 101,129 short tons, raw value

(STRV) to 14.393 million on decreases in production and imports greater than increased

beginning stocks of 6,384. Cane sugar production in Florida is decreased by 55,131 STRV to

1.997 million on processors’ reporting of lower sucrose recovery. Cane sugar in Louisiana is

increased 6,001 STRV on final season production reported by processors. Beet sugar

production is increased 15,065 STRV on more sugar produced from desugared molasses

and a small increase in sucrose recovery only marginally reduced by an increase in beet pile

shrink reported by processors. TRQ imports are decreased by 95,862 STRV on an FAS

survey of all countries accorded export access into the U.S. sugar market. Total TRQ shortfall

is projected at 189,922 STRV. A partial offset results from high-tier tariff/Other imports being

increased by 22,414 STRV from Customs and Border Protection (CBP) data through the first

week of February, above what was expected for the period last month.WASDE-657-3

Deliveries for human consumption are reduced by 75,000 STRV to 12.275 million on lower

recent period deliveries than originally projected. The net effect on ending stocks is a

decrease of 26,129 STRV to 1,912,685 for an ending stocks-to-use ratio of 15.33 percent.

Sugar production in Mexico is projected at 4.859 metric tons (MT). This is a decrease from

last month’s 5.094 million, primarily on lower sucrose recovery and lower area harvested

than projected last month. The gap between area harvested and the forecast by

CONADESUCA has been growing for each successive week and stands at 59,872 hectares

as of week 18 (area harvested – 210,667 hectares vs CONADESUCA projection of 270,539).

Total imports are projected at 125,000 MT. This sugar was contracted for in 2023/24 but only

now reaching importers in Mexico. Deliveries into the IMMEX program are decreased 47,170

MT on the increased use of HFCS by IMMEX manufactures of sweetener-containing-

products. With a small decrease in ending stocks, exports are decreased by 158,334 MT to

856,926. Exports under license to the United States are unchanged at 531,409 MT.