High Sugar Prices Create Signs of Substitution Among US Manufacturers

The USTR’s reallocation of 223,740 tonnes, raw value, of unused raw cane sugar TRQ allocations for 2023-24 was one of the earliest reallocations on record and should help ease tight raw cane sugar supplies. US raw cane supply is tight because of drought- reduced output in Louisiana and Mexico and a sizeable TRQ shortfall mostly due to the Philippines designating all of its production for domestic use this year.

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SugarcaneAvery Davidson