The next year's sales of beet sugar is expected to be 5.114 million tons, an increase of 204,000 tons (4.2%) from the forecast of 4.91 million tons this year; the production of sugar is 4.001 million tons, which is 36,000 tons less than the 4,037,000 tons in 2018-2019. , a decrease of 0.9%.

 

 

The total import volume from 2019 to 2020 is expected to be 3.219 million tons, an increase of 364,000 tons, or 13%, from the current forecast of 2.855 million tons. It is estimated that the tariff import will be 1.381 million tons next year, and the import volume of other projects is expected to be 350,000 tons. High-end imports are forecast at 70,000 tons, and imports from Mexico are 1.418 million tons, an increase of 521,000 tons from the previous year's forecast of 897,000 tons, an increase of 58%.

 

 

USDA predicts that from 2019 to 2020, the domestic supply of sugar in the United States will reach 12.32 million tons, of which the supply of food will reach 12.175 million tons, an increase of 0.4% from 12.125 million tons in the previous year. The export volume is expected to be 35,000 tons, which is the same as 2018-2019.

 

 

In addition, US sugar stocks are expected to be 1.484 million tons at the end of 2019-2020, a decrease of 21,000 tons from 2018-2019, a year-on-year decrease of 1.4%, and an inventory utilization ratio of 12%.

 

In 2018-2019, the US Department of Agriculture estimated that the inventory will be 1.505 million tons, a decrease of 120,000 tons from the forecast of 1.625 million tons in April, a decrease of 7%. This year's inventory use ratio is expected to be 12.2%, which is lower than 13.2% in April and also lower than 16.1% in 2017-2018.

 

 

The lower inventory-to-use ratio for the current year was based on a forecast of 113,000 tons of US sugar reduction (predicted value of 8.947 million tons) and a total import reduction of 7,000 tons (predicted to be 28.855 million tons).