Ron Sterk

United States

Senior Editor, Markets at Food Business News

Senior Editor, Markets at World Grain

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Articles

USDA forecast higher 2024-25 sugar supply

1 week ago | bakingbusiness.com | Ron Sterk

WASHINGTON — The US Department of Agriculture in its April 10 World Agricultural Supply and Demand Estimates (WASDE) report forecast a 33% increase from March in 2024-25 high-tier imports, more than offsetting lower cane sugar production and boosting the ending stocks-to-use ratio to 16.2%.
StoneX introduces shell egg contract

2 weeks ago | foodbusinessnews.net | Ron Sterk

NEW YORK — Amid soaring egg and egg product prices in recent months, StoneX Group Inc. on April 1 launched a new over-the-counter shell egg contract that utilizes a global price reporting agency benchmark aimed at providing egg producers, buyers and food industry participants a tool to help manage price risk and volatility.
USDA sees sugar beet area up 2.5% from 2024

3 weeks ago | bakingbusiness.com | Ron Sterk

WASHINGTON — The US Department of Agriculture in its March 31 Prospective Plantings report said processors indicated their cooperative member-growers intend to plant 1,132,000 acres of sugar beets in 2025, up 27,700 acres, or 2.5%, from 1,104,300 acres planted in 2024. The increase was a surprise to some in the industry who expected planted area may be reduced in 2025 because of strong production and ample sugar supplies from the 2024 crop.
Honey production down 3.6% from 2023

1 month ago | bakingbusiness.com | Ron Sterk

KANSAS CITY — The US Department of Agriculture in its annual Honey report March 14 said US honey production in 2024 was down 3.6% from 2023 despite a 2.6% increase in the number of colonies as yield per colony dropped 6%. Honey production totaled 134,393,000 lbs, down 3.6% from 139,471,000 lbs in 2023. There were 2,597,000 honey producing colonies in 2024, up 2.6% from 2,532,000 colonies in 2023. Honey yield per colony averaged 51.7 lbs in 2024, down 6% from 55.1 lbs in 2023.
Michigan Sugar growers in Canada reduce beet acreage

1 month ago | bakingbusiness.com | Ron Sterk

BAY CITY, MICH. — The Michigan Sugar Co. on March 14 said it had completed a share redemption program through which cooperative grower-owners in Ontario, Can., sold back 3,582 shares (or acres), reducing the cooperative’s sugar beet area in Canada to 7,316 acres, or about 33% of the total 10,898 acres. After the redemption, Michigan Sugar now has 57 shareholders in Ontario’s Dover growing region that is made up of Kent and Lambton counties.
Sugar industry faces a number of challenges

1 month ago | dairyprocessing.com | Ron Sterk

PALM SPRINGS, CALIF. — The food industry, and sugar in particular, is dealing with an ever-changing environment that includes the impact of GLP-1 weight-loss drugs and new government policies along with rising costs, tariffs and other challenges, including Make America Healthy Again (MAHA) efforts and the MAHA Caucus, according to speakers on a Nutrition Policies and Trends panel at the recent International Sweetener Colloquium.
USDA lowers 2024-25 sugar supply forecast slightly

1 month ago | bakingbusiness.com | Ron Sterk

WASHINGTON — The US Department of Agriculture in its March 11 World Agricultural Supply and Demand Estimates (WASDE) report lowered from February its forecast for 2024-25 sugar imports, more than offsetting lower deliveries and higher production, resulting in a modest drop in ending stocks. Minor changes were made to Mexico’s 2024-25 forecasts.
Sugar uncertainty: Make America Health Again, GLP-1s, tariffs

1 month ago | supermarketperimeter.com | Ron Sterk

PALM SPRINGS, CALIF. — The food industry, and sugar in particular, is dealing with an ever-changing environment that includes the impact of GLP-1 weight-loss drugs and new government policies along with rising costs, tariffs and other challenges, including Make America Healthy Again (MAHA) efforts and the MAHA Caucus, according to speakers on a Nutrition Policies and Trends panel at the recent International Sweetener Colloquium.
Policy, GLP-1 drugs challenge sugar industry

1 month ago | bakingbusiness.com | Ron Sterk

PALM SPRINGS, CALIF. — The food industry, and sugar in particular, is dealing with an ever-changing environment that includes the impact of GLP-1 weight-loss drugs and new government policies along with rising costs, tariffs and other challenges, including Make America Healthy Again (MAHA) efforts and the MAHA Caucus, according to speakers on a Nutrition Policies and Trends panel at the recent International Sweetener Colloquium.
At-home food inflation below CPI trend

1 month ago | foodbusinessnews.net | Ron Sterk

PALM SPRINGS, CALIF. — Many factors are at play when food prices go up, even as grocery store margins stay low, Mark Baum, senior vice president for industry relations and chief collaboration officer at FMI — The Food Industry Association, said at the opening session Feb. 24 at the International Sweetener Colloquium. He compared profit margins for food retailers at 1.6% in 2023 against those of restaurants at 10.7% and of banks at 29.6%.

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