The U.S. sugar market situation addressed in this column two weeks ago has deteriorated even more with prices soaring to seven-year highs amid limited offers. Based on the U.S. Department of Agriculture's Nov. 8 Crop Production report, the sugar beet crop in the largest U.S. sugar-producing region could be termed a disaster. And subsequent reductions to U.S. beet and cane sugar production for 2019-20 as reflected in the U.S.D.A.'s World Agricultural Supply and Demand Estimates report indicated tight domestic sugar supply going forward.
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