• 50kmt of US duty-paid world market sugar imports may not materialise this season.
  • High world market prices have increased the duty and made imports less profitable.
  • Fortunately, the US is still eyeing up record production, which makes the losses seem less severe.

The June WASDE Release

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  • The only change in this month’s WASDE is found in the ‘Other Program Imports’ section.
  • This usually relates to duty-paid world market sugar imports.
  • Today’s high No.11 and No.5 have put the duty at 16.21c/lb, making imports far less attractive.
  • Nevertheless, the USDA still thinks 975k short tons of Mexican sugar will enter under quota this season.
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Vincent O’Rourke

Vincent began his career at CZ in 2016 as an analyst in the London Office, focusing on raw sugar flows and the Refineries in North Africa and the Middle East. Since 2019 Vincent has moved to the Miami office, leading the Americas analysis (excluding Brazil) and implementing the new data capture and database processes. Vincent graduated from Edinburgh with a master’s in theology in 2015 and completed a Masters in Emerging Economies from King’s London University in 2016

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