USDA raises 2021-22 cane sugar production.

The US Department of Agriculture in its Feb. 9 World Agricultural Supply and Demand Estimates report boosted its 2021-22 forecast of US cane sugar production and slightly lowered its import forecast from January, resulting in higher ending stocks and a higher stocks-to-use ratio. The USDA forecast 2021-22 total domestic sugar production at a record high 9,442,000 tons, up 49,170 tons, or 0.5 percent, from its January forecast due to a like increase in cane sugar production at 4,041,000 tons. All the cane sugar increase was in Louisiana. Beet sugar production was unchanged from January but already forecast record high at 5,401,000 tons.

Louisiana cane sugar production for 2021-22 is increased by 49,170 short tons, raw value, to 1,905,741 tons on industry reporting, the...