Opinion Focus

  • The USDA WASDE report for august continues to predict a balanced sugar crop.
  • The beet harvest is about to start in some areas, but the domestic market is likely to remain tight.
  • The beet crop continues to be a worry due to the summer drought; early yields will be key.

USDA Maintains The Beet Forecast

  • The July WASDE predicted a smaller beet crop, and there were worries August might bring another reduction.
  • However, this has not happened and the market outlook remains well balanced.
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  • Beet production has even seen a small uptick as early production is delayed into the 2021/22 season.
  • This is possibly due to farmers wanting to give the beet as much time to develop as possible after the scorching heat impacted beet growth.
  • However early yields will be closely watched as the market might see yield forecasts drop.

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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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