Title page
Contents
U.S. Outlook Summary 2
Mexico Outlook 13
Table 1. U.S. sugar: Supply and use by fiscal year (October-September), January 2024 3
Table 2. Beet sugar production, 2020/21-2023/24 4
Table 3. U.S. sugar imports by type, pace-to-date and by fiscal year 2018/19-2023/24 7
Table 4. Mexican sugar: Supply and use by fiscal year (October-September), January 2024 13
Table 5. Mexican sugar production as of week 14, 2022/23, 2023/24, and 5-year average 15
Table 6. Mexican sugar production, 2017/18-2023/24 15
Table 7. Countries' reported sugar exports to Mexico, (October-December 2023) 22
Figure 1. U.S. beet and cane sugar production, by fiscal year, 2003/04-2023/24 4
Figure 2. U.S. sugarbeet yield and extraction rate, 2011/12-2023/24 5
Figure 3. Cumulative sugar extraction, crop year 2013/14-2023/24 5
Figure 4. U.S. production of cane sugar by State, 2002/03-2023/24 6
Figure 5. U.S. high-tier duty sugar imports, by type of sugar, 2017/18-2023/24 8
Figure 6. U.S. and world raw average sugar prices relative to high-tier raw sugar duty, by fiscal year quarters, 2017/18-2023-24 10
Figure 7. U.S. imports from Mexico, 2006/07-2023/24 11
Figure 8. U.S. sugar imports from Mexico, monthly, fiscal year 2010/11-2023/24 11
Figure 9. U.S. sugar exports, monthly, calender year 2017-23 12
Figure 10. U.S. sugar export, share by country of destination, monthly, calender year 2023 12
Figure 11. Mexican sugar production, by fiscal year, 2013/14-2023/24 14
Figure 12. Mexican sugar campaign progress at week 14, by sugar-producing regions, fiscal year 2019/20, 2022/23, and 2023/24 16
Figure 13. Mexican sugar production at week 14, by type and sugar-producing regions, fiscal year 2019/20, 2022/23, and 2023/24 17
Figure 14. Mexican sugar production by type of sugar, 2017/18-2023/24 18
Figure 15. Share of Mexican sugar production by type of sugar to total, 2017/18-2023/24 18
Figure 16. Mexican sugar exports by destination, by fiscal year, 2013/14-2023/24 19
Figure 17. Mexican total sugar imports, by fiscal year, 2009/10-2023/24 21
Figure 18. Mexican and U.S. sugar prices, monthly, January 2013-October 2023 21