Food Business News - June 22, 2021 - 62

INGREDIENT MARKETS
Sweeteners
Contracting of bulk refined sugar for
2021-22 continued at a mixed pace. Prices
were steady to firmer.
Refined cane was offered at 42¢ a
lb Northeast and West Coast, 38.50¢ to
39.50¢ Southeast and 37¢ to 39.50¢ Gulf.
Beet sugar was offered at 36.50¢ f.o.b.
Midwest, 39¢ f.o.b. Michigan (up 1¢ from
a week earlier) and around 40¢ f.o.b.
West Coast. Lower prices were available
for large deals, but some Midwest beet
sales also were as high as 37¢ a lb f.o.b.
Beet and cane sugar
f.o.b. plant, cents per lb
2020-21
Midwest beet
Pacific beet
Northeast cane*
cents per lb
September
November
January
March
May
July
Sweeteners
Delivered basis, cents per lb
42% HFCS spot price1
Midwest
Northeast
Southeast
June 18
25½ @ 26
27 @ 27½
Year ago
25½ @ 26
27 @ 27½
9943LA_AD June 2021 FBN PROD.pdf 1 2021-06-10 11:29 AM
27¼ @ 27¾ 27¼ @ 27¾
27½ @ 28¾ 27½ @ 28¾
Southwest 26¾ @ 27¼ 26¾ @ 27¼
West
Midwest
Northeast
Southeast
Southwest
West
34¾ @ 35¾ 34¾ @ 35¾
55% HFCS spot price1
June 18
Year ago
32¾ @ 33¾ 32¾ @ 33¾
34¼ @ 35¼ 34¼ @ 35¼
34¼ @ 35¼ 34¼ @ 35¼
34 @ 35
34 @ 35
Regular
corn
syrup2
37.25
39.50
39.50
40.50
41.50
East
Midwest
West
South
1-Variations in prices often tied to tank car versus truck deliveries. Prices are the lowest available to the publication. 2-Regular 42 DE/43 Baume, f.o.b. tank cars, trucks
Dextrose
42.00@42.50
41.00@41.50
44.00@44.50
43.00@43.50
June 18
36.50
No 16 futures
June 18 June 11 June 4
32.75
-.25
+.10
+.28
-.30
31.25 - -.50
30.45
30.45
+.45
+.45
30.35 - +.35
30.35 - +.35
- Change from - Year
ago
25.96
26.32
26.50
26.60
26.65
26.80
*Spot raw plus 7% plus 9.1¢ with 2% cash discount.
- Change from - Year
June 11 June 4 ago
- - 44.00
37.00 @ 40.00 - - NA
45.00
- - 46.00
But those offers did not reflect higher
delivered prices for next year, which
one broker estimated were up 2¢ to 3¢ a lb
because of higher pallet and freight costs.
Higher delivered costs were especially
noted for liquid sugar since tankers are
priced " one-way " and truck freight was
tight. For bags, most sellers had imposed
pallet " surcharges " since surging wood
prices had sharply increased pallet prices.
Beet processors indicated they had
contracted between 60% and 75% of prospective
2021-22 production, with bulk
sales generally above those levels while
bag sales were below.
A degree of uncertainty about sugar
beet production limited how much beet
processors were willing to commit at this
time of year. Dry conditions in the Red
River Valley and in parts of Michigan
were a concern with both areas needing
rain soon. Extremely hot conditions the
past couple of weeks in the Red River
Valley sped up the drying of soils there
and increased the critical need for rain.
Most other beet growing areas, though
dry, were aided by irrigation. Condition
ratings of the Louisiana sugarcane crop
declined as of June 13, and with potential
heavy rainfall from a new tropical disturbance
in the Gulf, there was concern
about conditions becoming too wet.
Nearby prices were unchanged.
Bulk refined cane sugar was offered at
45¢ a lb in the Northeast and West Coast
and as high as 44¢ in the Southeast and
Gulf. Beet sugar was offered at 36.50¢ a lb
Midwest. Most processors had some spot
supply, but volume was limited.
Deliveries of contracted sugar so far
in June showed mixed results. Some sellers
reported active shipments, some were
meeting expectations, and some were
slightly behind. In some cases, demand
for bulk sugar was below what processors
had expected as the country emerged
from COVID-19 restrictions, although
that may improve with California and
New York " opening up " in the past few
days. But other sellers were on target
with their post-COVID-19 expectations.
Corn sweetener supplies, especially of
dextrose, remained tight. Price offers for
2022 were expected to be sharply higher
because of the higher costs for corn,
freight, energy, labor and other inputs.
Maple syrup production in 2021 was
estimated by the US Department of Agriculture
at 3,424,000 gallons, down 17%
from 2020 as lower yields per tap and
a seven-day shorter season more than
offset a higher number of taps. FBN
Tap into nature's
nutrients with
maple
The vitamins and nutritional minerals in 100%
pure Maple Syrup from Québec contribute to the
maintenance of good health.
One 60 ml (1/4 cup) serving of Maple Syrup contains
72% of the daily nutritional requirement of manganese,
27% of riboflavin, 17% of copper, and 6% of calcium.
CONTACT US TODAY
62
Food Business News
Eastern Canada & International:
customer@themapletreat.com
Western Canada:
westsales@themapletreat.com
Learn more about
remarkable maple at:
TheMapleTreat.com
June 22, 2021
http://www.TheMapleTreat.com

Food Business News - June 22, 2021

Table of Contents for the Digital Edition of Food Business News - June 22, 2021

Food Business News - June 22, 2021 - Intro
Food Business News - June 22, 2021 - 1
Food Business News - June 22, 2021 - 2
Food Business News - June 22, 2021 - 3
Food Business News - June 22, 2021 - 4
Food Business News - June 22, 2021 - 5
Food Business News - June 22, 2021 - 6
Food Business News - June 22, 2021 - 7
Food Business News - June 22, 2021 - 8
Food Business News - June 22, 2021 - 9
Food Business News - June 22, 2021 - 10
Food Business News - June 22, 2021 - 11
Food Business News - June 22, 2021 - 12
Food Business News - June 22, 2021 - 13
Food Business News - June 22, 2021 - 14
Food Business News - June 22, 2021 - 15
Food Business News - June 22, 2021 - 16
Food Business News - June 22, 2021 - 17
Food Business News - June 22, 2021 - 18
Food Business News - June 22, 2021 - 19
Food Business News - June 22, 2021 - 20
Food Business News - June 22, 2021 - 21
Food Business News - June 22, 2021 - 22
Food Business News - June 22, 2021 - 23
Food Business News - June 22, 2021 - 24
Food Business News - June 22, 2021 - 25
Food Business News - June 22, 2021 - 26
Food Business News - June 22, 2021 - 27
Food Business News - June 22, 2021 - 28
Food Business News - June 22, 2021 - 29
Food Business News - June 22, 2021 - 30
Food Business News - June 22, 2021 - 31
Food Business News - June 22, 2021 - 32
Food Business News - June 22, 2021 - 33
Food Business News - June 22, 2021 - 34
Food Business News - June 22, 2021 - 35
Food Business News - June 22, 2021 - 36
Food Business News - June 22, 2021 - 37
Food Business News - June 22, 2021 - 38
Food Business News - June 22, 2021 - 39
Food Business News - June 22, 2021 - 40
Food Business News - June 22, 2021 - 41
Food Business News - June 22, 2021 - 42
Food Business News - June 22, 2021 - 43
Food Business News - June 22, 2021 - 44
Food Business News - June 22, 2021 - 45
Food Business News - June 22, 2021 - 46
Food Business News - June 22, 2021 - 47
Food Business News - June 22, 2021 - 48
Food Business News - June 22, 2021 - 49
Food Business News - June 22, 2021 - 50
Food Business News - June 22, 2021 - 51
Food Business News - June 22, 2021 - 52
Food Business News - June 22, 2021 - 53
Food Business News - June 22, 2021 - 54
Food Business News - June 22, 2021 - 55
Food Business News - June 22, 2021 - 56
Food Business News - June 22, 2021 - 57
Food Business News - June 22, 2021 - 58
Food Business News - June 22, 2021 - 59
Food Business News - June 22, 2021 - 60
Food Business News - June 22, 2021 - 61
Food Business News - June 22, 2021 - 62
Food Business News - June 22, 2021 - 63
Food Business News - June 22, 2021 - 64
Food Business News - June 22, 2021 - 65
Food Business News - June 22, 2021 - 66
Food Business News - June 22, 2021 - 67
Food Business News - June 22, 2021 - 68
Food Business News - June 22, 2021 - 69
Food Business News - June 22, 2021 - 70
Food Business News - June 22, 2021 - 71
Food Business News - June 22, 2021 - 72
Food Business News - June 22, 2021 - 73
Food Business News - June 22, 2021 - 74
Food Business News - June 22, 2021 - 75
Food Business News - June 22, 2021 - 76
Food Business News - June 22, 2021 - 77
Food Business News - June 22, 2021 - 78
Food Business News - June 22, 2021 - 79
Food Business News - June 22, 2021 - 80
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