Sugar production for marketing year 2014/15 is forecast to be slightly higher, at 6.89 MMT-RV, than in MY2013/14, as rainfall during the current cycle has been favorable. Sugar production for MY 2013/14 was revised downward to 6.87 MMT-RV due to overall lower performance of the industry. The sugar export forecast for MY 2014/15 is 2.0 MMT-RV. Exports for MY 2013/14 were revised upward to 2.9 MMT-RV. The HFCS import forecast for MY 2014/15 is expected to be down compared to MY 2013/14, as sugar prices have continued to remain low. The American Sugar Alliance has petitioned the Department of Commerce to initiate antidumping and countervailing duties investigations of the Mexican sugar industry.
