Molasses market news annual summary ...

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Material Information

Title:
Molasses market news annual summary ...
Series Title:
1964-<1970>: C & MS ;
Physical Description:
v. : ; 26 cm.
Language:
English
Creator:
United States -- Consumer and Marketing Service
United States -- Agricultural Marketing Service
Publisher:
The Service
Place of Publication:
Washington, D.C
Creation Date:
1968
Frequency:
annual
regular

Subjects

Subjects / Keywords:
Molasses -- Statistics -- Periodicals   ( lcsh )
Genre:
serial   ( sobekcm )
federal government publication   ( marcgt )
statistics   ( marcgt )

Notes

Statement of Responsibility:
United States Department of Agriculture, Agricultural Marketing Service.
Dates or Sequential Designation:
1961-
Issuing Body:
Vols. for 1961-1963 issued by U.S. Agricultural Marketing Service; 1964-<1970> issued by U.S. Consumer and Marketing Service.
General Note:
Title from cover.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 004704023
oclc - 29657322
System ID:
AA00008483:00005

Related Items

Preceded by:
Molasses, feed and industrial annual market summary
Succeeded by:
Molasses market news. Market summary

Full Text

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SU


CONSUlMFR AND MARKETING


I MAR'

SERVICE


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19


I II LI C





CONTENTS


Molasses price trends at New Orleans, 1963-68 (chart) .......,.........


Blackstrap molasses prices by months, f.o.b. tank car or
tank truck, 1964-68:
New Orleans, Houston, Corpus Christi, El Paso ....... .........
Phoenix, Mobile, South Florida, Savannah, Wilmington ..............
Baltimore, Norfolk, Philadelphia, New York .......... ........
Boston, Albany, Buffalo, Toledo, Cincinnati ................
Minneapolis, Chicago, St. Louis, Kansas City ....................
Omaha, Memphis, Denver, California Ports, Pacific Northwest Ports ..


Beet molasses prices by months, f.o.b. tank car or
tank truck, 1964-68:
Colorado, Wyoming, Montana, Oregon, Utah, Idaho

Citrus and hydrel molasses prices by months, f.o.b. tank car or
tank ttu dk<" 1964-68: :
Flori-,y hicago, Kansas City .............. ..................
4*i


Price
New


isons


lasses and No
betweexTVib lasses and No.


yellow corn at


Chicago and Kansas City, 1959-68 ........................


Hawaiian and.Puerto Rican production, shipments to the U. S.
mainland,n exports to other countries, 1959-68 ................


U. S.


molasses production, inshipments, imports and exports, 1952-68 ..

molasses imports by country of origin, 1964-68 ..............

molasses imports by customs districts, 1964-68 .......


S. molasses imports by country of origin and customs
districts, 1968 ..................................................... 18-21


molasses exports by country of destination, 1964-68 .............


U. S.


molasses utilization,


1957-68


))1111111()(11(1()()11(~V


Grain Division


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MOLASSES MARKET NEWS ANNUAL SUMMARY

HIGHLIGHTS OF 1968


Pbla


sses


prices


during


1968


trading year


declined


steadily and


closed


sharply bel
shipments a
feed grains


,ow a


year


nd imports,
further so


Earlier.
weakened
'ftened th


Plentiful
the market


e position.


supplies
t while


primarily from


territorial


competition from lower price


Although mainland


production of


cane and


citrus molasses


was


slightly


below a


year


ago,


available


supplies


livestock


ding were


sharply


greater


than in previous year


PRICES


Cane Molasses


Prices


of cane mola


sses


--following the


trend


started


in mid


-1967


--declined


.monthly throughout


tendencies were


overridden


Demand was reported


by competitive pr


good;


essures


however these


of lower


strengthening
d feed grains


and grain


by-product


ingredients.


The weakness of prices


was more


pronounced


in the


Southern area


than other


sections of


the country.


December


closing


levels in


this


area were


about


4.25$


to 5
3.5


.25/ below a
per gallon


year earlier,


with


below the previous year


yearly average running


s average.


A less


about


pronounced


3.2/ to
decline


was noted


on the


West


yearly average


Coast
near


with year-end prices


2.7$ below the


1967


about


I below a


year ago


figure.


Beet


Molasses


Price


trends


beet


molasses


were mixed


in the


two principal reporting


areas--higher in


: Wyoming.
ening fa
ization


Oregon,


Competition from


actorss


Utah and


Idaho


cane mola


in the Colorado,


strengthened


sses


Montana


Western section.


lower


and lower


and Wyoming


in Colorado,
grain prices
areas while


The production


of be


Montana
were t


increased


he weak-


util


et molasses was


the 1
year.
added


largest
Trade


on record,
sources


the pulp


an estimate


, however,


by-product


27 million gallons


indicated much of


sold to


feeders


this


greater than


incre


asked


previous


production was


in this form.


Citrus Molasses


Citrus molasses


throughout the
December 1967.


last


pri
half


Increased


rose
ar and


early in 1968


ended


local feed


and maintained


season about


utilization


a higher


$3.50 per


a sharp


decline


level


on above
in pro-


duction were
levels receive


amounts
feeding.


of th


the price
ed since
e product


boosters. Pr
early in 1964.


were


at Florida Points were


Trade


sources indicated


being incorporated with


the pulp


the highest


considerable


livestock


9











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Corn (Hydrol) Molasses


Prices


of corn molasses


production areas,


declined


the price received


in December


1968 was


year.
about


At Mid-
$6.25


below a


comparable


period


a year


ago and


averaged


about


$4.00


lower


for the
cane pri


year.
ces.


The lower prices


Production


was


were primarily


estimated


about


an alignment


same


with 'd


Comparative


Values


The comparative


(details T
s at these


ork


able


more


of corn and molasses


and Kansas


than


offset


sharply in fa


City. The
the lower m
vor of mola


again
sharp
olasse
sses.


slightly favored
decline in corn


S


prices


SUPPLY AND DISTRIBUTION
(Details on Tables 5 through


Mainland


at about
gallons


91.5
from a


production


cane


million gallons.


year


ago.


molasses for the
This represents a


however,


1968


decline
was more


season was


of a
than


bout


estimated
6 million


offset


crease


production in


beet


molasses


gains


in imports,


and increased


receipts


from offshore


50 per
molass


cent less


es were


territories


than


about


the 1967
times as


states
freez
great


Production


e-affected
as last y


of citrus


crop.


ear


Mainland


about


years.


Imports
despite a de
lasses, furn
movement and
Shipments fr


roughly 3
New York,


40 per


from
dine
fishing


Los Angeles


cent,


with


Total available
751 million gallons.


use o
while.


foreign


from 1
about


account
om other


cont


d


as


countries
t year,


for pharmaceutical


totaled


continued


94 million gallons.


for roug


countries

inued to


of the


hly 49
showed


evenly


million gallons.


' be the
Australi


million gallons


only


slight


be the principal re


total


im


and Maryland


balance fa

supplies fo
Industrial


irly


r domestic


largest s
a doubled


of the


* distributed

usage reached


and edible mola


sses


among


Mexico,
Lpplier of mo-
previous years'


total


imports.


from previous


nt,


handling


Philadelphia,
to handle about
g other points.


a record


only minor


rits


decline


increased


level


changes. T
d slightly,
somewhat.


Available supp
and reached a
being taken up


lies f
record
by li


or feeding


level


quid


livestock


of 581


increased


million gallons.


about
Much


of this


on farms.


west


steadily throughout


corn
prices
New Y'


as a year


declining


feeding value
) at Chicago


two markets


the advantage remained


decline,


molasses was


and the highest


exports


in the past


New Orleans


0 per


cent


port movement.
Custom Distric


changes


ceiving poi
Houston,
ts combined


years.


f molasses


use


in the manufacture


tilization showed
of distilled spi


feeding


of livestock


million gallons


increase








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Table


4.--Price


compare


New York,


sons


between molasses and No.


Chicago and Kansas City


1959-68


yellow corn at
m/


: New York : Chicago : Kansas City
Year : Corn :Mblasses:Differ-: Corn :Moblasses:Differ-: Corn :IMblasses:Differ-
: bu. : 6g gal.: ence bu. : 6 gal.: ence bu. : 6g gal.: ence

--Cents--

1959 .........: 150.6 103.0 +47.6 122.5 107.1 +15.4 117.3 111.0 +6.3
1960 .........: 143.8 89.0 +54.8 115.6 92.9 +22.7 113.6 103.1 +10.5
1961 .........: 141.8 102.2 +39.6 113.1 112.7 +0.4 112.4 125.3 -12.9
1962 .........: 142.0 102.6 +39.4 112.8 117.8 -5.0 115.0 129.5 -14.5
1963 .........: 155.0 143.8 +11.2 126.0 170.8 -44.8 125.4 177.7 -52.3

1964 .........: 151.3 104.3 +47.0 125.1 111.1 +14.0 127.5 113.9 +13.6
1965 .........: 151.5 81.2 +70.3 130.2 88.5 +41.7 130.4 91.4 +39.0
1966 ......... : 158.4 94.2 +64.2 136.8 119.7 +17.1 136.3 124.7 +11.6
1967 .........: 149.6 117.6 +32.0 129.5 145.0 -15.5 129.6 146.3 -16.7
1968 .........: 131.4 100.2 +31.2 113.8 124.7 -10.9 119.6 125.8 -6.2

i/ A "rule of thumb" measure-- 6-1/2 gallons of molasses are about equivalent in
carbohydrate value to one bushel of corn--is widely used to compare the carbohydrate
value of molasses and corn. This measure is based on experiments conducted to eval-
uate the energy produced from one bushel of corn and the amount of molasses required
to produce the same amount of energy.


Table 5..--Molasses: Hawaiian and Puerto Rican production, shipments to the
U. S. mainland, and exports to other countries, 1959-68

: Hawaii : Puerto Rico
Year : : Shipments : Exports : : Shipments : Exports
:Production: to U. S. : to other :Production: to U. S. : to other
: : mainland : countries : : mainland : countries
--1,000 gallons--

1959 .........: 56,849 60,239 7,771 60,755 24,238 19,239
1960 .........: 50,817 49,692 58,474 30,289 15,162
1961 .........: 56,423 50,653 62,372 38,618 8,224
1962 ........: 57,372 54,911 56,200 27,471 13,014
1963 .........: 55,373 51,563 61,548 16,590 15,923

1964 .........: 57,688 52,638 64,563 18,190 _20,144
1965 .........: 58,389 51,861 57,140 21,104 6,848
1966 .........: 59,772 60,271 60,700 8,124 18,653
1967 .........: 61,672 55,662 52,100 5,618 14,120
1968 .........: 62,936 66,157 1/ 44,000 6,201 9,134

1/ Estimated.


Source:


Bureau of the


Census


. Department of Commerce;


Association of Sugar


Producers of Puerto Rico;


and Hawaiian


Sugar


Planters


Association.























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Table 7.--lVblasses, inedible:


U. S. imports by country of origin,


1964-68


Country of origin : 1968 1967 : 1966 : 1965 : 1964


Angola ..
Australia


49,203


Austria .............
Bahamas ..............
Barbados ...........
Belgium and Luxembourg


Brazil .........
British Honduras
Bulgaria ........
Canada ..........
Colombia ........
Costa Rica ......


Denmark ..............
Dominican Republic ..


Ecuador ........
El Salvador ......
France ...........
French West Indies


Greece ....
Greenland .
uRate.mnnl a


20,


--1,000UU gallons--
942
137 22,117


6,757


17,862
4,566
5,112
668
11,873
828


28,914
4,817
5,157
7,935
570
2,075

7,193
3,620
3,189
2,153

4,630

8,689
26,928


Guyana (British Guiana)


Haiti ..
Honduras
India ...
Indonesia


Iran ....
Italy ...
Jamaica .
Japan ...
Kenya ...


.5.


Leeward and
Vhauritania .
Mauritius ..
Mexico .....
Ibrocco ....
Vbozambique .
Netherlands
Netherlands
Nicaragua ..
Pakistan ...
Panama .....
Peru .......
Philippines
Poland .....
Republic of
Republic of
Switzerland


Windward Island


Antill


954
1,773
6,207
10,657
94,335
1,681


.. ... .. ...:


China, Taiwan ......
South Africa .......


Trinidad and Tobago ..
Turkey .........
UAR (Egypt) ..........
United Kingdom .......


6,010

3,426
2,000
3,343
6,061


19,935
2,266
1,509
1,217
15,392
1,000


40,171
5,022
4,048
5,767
5,412
4,300

6,528
2,516
5,688
1,038


94
2,390


1,267

1,274
6,271


47,533
10,888
1,210
6,076
3,526


5,292
1,837
4,056
2,327
3,278
3,278


7,629


5,577


9,932
700

4,926
754

819

1,642


3,113

1,986
2,439


41,329
9,863
1,648
9,617
3,399

49
3,439
4,466
4,264
1,650

7,772


2,164
32,591
2,270
953
10,524
3,813
a

1,268
3,333
5,375
1,624


1,833


2,023
19,138


6,583
130,705


1,817

2,662
19,154
963

4,722


21,949


7,081
1,802

3,839


7,705


3,979


16,508
16,508


6,219
99,312
2,119

578
1,424
3,438

830
24,665
4,246
6,817
3,811
3,152
1,377
5,992


5,960


17,536


3,301
95,564

3,629


3,737


4,897
9,427
1,116
8,985
518

6,756

1,804
1,705


24,132
502
2,594


11,919
86,404

2,203
a
i
1,920
1,886
2,353
12,934
19,343
a
2,893
4,109

8,708


trrirrr


~_~_____





Table


--Molasses, inedible:


imports by customs districts,


1964-68


Customs districts : 1968 : 1967 : 1966 : 1965 : 1964


--1,000 gallons--


Arizona ...
Buffalo ...
Chicago ...
Connecticut
Dakota ....


5,155
81


5,251


4,800
2,446


5,037
3,047


3,307


2,599
5,218


3,473
2,712


1,500
111


* .... ..... :
@ OOgf
rr~rr~il*


2,654
285


El Paso ..............
Florida .............
Galveston ...........:
Georgia ...............:
Houston .....


Laredo .. ....... ......
Los Angeles .........
Maine & Hew Hampshire .
Maryland ..............
Massachusetts .. .....


12,954
8,620
1,431
4,540
35,976


221
19,525
140
22,860
2,841


13,745
1,517
5,199
4,247
44,985


1,152
18,441
161
20,037
4,605


8,539
2,378
3,395
5,677
40,717


685
22,139
134
15,106
2,137


6,768
1,484
37,354
2,293


871
26,055
213
9,353


7,390
723
39,977
3,073


24,724
345
12,513
4,154


Michigan ..
Mobile ...
New Orleans
New York ..
North Carol:

Ohio
Philadelphi
Pittsburgh
Puerto Rico
Sabine ....

San Diego .
San Francis
Vermont ...
Virginia ..
Washington

Total ---


1)1(S


a.. SI I55***
@ @ a


.... S S S S
I ,D OI @g @
1 11 @ @ O@


S..I a.....


92
12,890
108,049
70,523
4,699

2,267
26,585


5,407
2,456

9,495
2,660
297
2,916
160

368,091


30
13,683
113,359
49,006
4,639

1,980
11,442


1,086
3,154

9,259
12,926
489
4,618
235

350,548


154
9,404
102,906
54,329
3,904

1,876
12,584


2,479

1,130
S,313
802
3,715
119

314,157


307
12,115
79,186
42,483
3,567

2,559
11,552


1,410

2,859
12,820
719
4,620

268,016
268,016


19
5,053
57,099
52,231
4,313

--
11,811
1,285

2,071

5,996
20,495
838
3,178


266,421


Source:


Bureau of the


Census.






Table 9.--Molasses, inedible:


imports by country of origin


and customs districts, 1968


Country


,Arizona .Buffalo


Conn.


*El Paso *Florida *Galveston


--1,000 gallons--


4,870


Australia
Barbados


Brazil


1,959


1,290


British Honduras


Bulgaria

Canada .
Colombia


Costa Rica ......
Dominican Republic
Ecuador ..........


El Salvador
France ....


a.* ...


....: 2,042


French West Indies .....:
Greece .................
Guatemala ...............

Guyana (British Guiana) :
Haiti ******
Honduras .............
Indonesia .... .....
Italy ......


Jamaica .............,..
Kenya .... ...........
Leeward and Windward Is.
Mauritania .............
Mauritius ............


Mexico
MIrocco


5,155


12,954


1,791


1,6t1


Netherlands


Nicaragua
Pakistan

Panama ..


*
a. .** @ a a.. *.
1 1) 1) 11 1 @, @ @@


Peru *........ ..........:
Republic of South Africa:
Trinidad and Tobago ....,


Turkey


*


United Kingdom


i, 52~
5)111(11))





Table


- -Molasses,


inedible:
and customs


S. imports


districts,


country of


origin


1968


Georgia Houston laredo : gls Maine Maryland v1as. Michigan


--1,000


gallons


2,931


3,514


,009


,001


,058
817




,931


2.815


1.727


4,63


2,843


3,552


1,773


1, 12


3,3'7S


,371


1,45


,879


.'r ri/n


-'th,


--Sl r*i I l J


/ iI


2 rld


I '1


'-





Table


--Molasses, inedible: U.


imports by country of origin


and customs districts, 1968 (Continued)


: : New : New : North : : Phila-
Country Mobile : Orleans: York :Carolina: Ohio :delphia


--1,000 gallons--


Australia .... ..... :
Barbados .............:
Brazil *
Brazil ...............
British Honduras ......
Bulgaria .............:


Canada .. .........:
Colombia ...............:
Costa Rica .


3,318


14,657


8,652
2,913


3,338


10,955


1,868
836
5,112


5,604


Dominican Republic
Ecuador ..........


10,159
3,433


7,064


7,565


2,094
'94


France


French West Indies


Greece .................
Guatemala ..


Guyana (British Guiana) :
Haiti ..................:
Honduras ....


5A893


2,075
2,187


1,069
2,671


1,010


Indonesia


Italy


7,715


Jamaica ..............:
Kenya ................
Leeward and Windward Is.:
Mauritania ..........:
Mauritius .............:


1,825


2,740


5,171


3,449
4,733


4,125


9,271


1,633
2,667


]Mexico ......... ....
Morocco .........


1,510


17,341


5,898


3,317


2,267


6,070


Netherlands


4,557


Nicaragua ..............:
Pakistan ... *..

Panama ...............:
Peru ............
Republic of South Africa:
Trinidad and Tobago ....
Turkey ........... .:
United Kingdom ..


1,684


3,343
3,657
18,070


1,887


1,816


2,311


1,382


El Salvador


t(l(ll()l(






Table


9.- -Mblasses,


inedible:


imports


country


of origin


and customs


districts,


1968


(Continued)


Puerto : : San : San : : : Washing-:
Rico Sabine :FranciVermont Virginia Total
Rico : : Diego :Francisco: : : ton :


--1,000


gallons--


1,48


991
,862
,566
,112

668


8,914
4,817


1,866


2,075
7,193


1.785


3,62C
3,189
2,153
4,630
8,689


954
1,773
6,207
10,657


1,373


3,51


1,433


1,681
6,010
3,426
2,000


1,167


3,343
6,061
19r49
7,081
1,802
3,839


1,507


1,083


5,157
7,935






Table 10.--Molasses, inedible: U.


by country of destination,


exports
I/


1964-68


Country of Destination : 1968 : 1967 : 1966 : 1965 : 1964
-: -1,000 gallons--


Bahamas ....................... :
Belgium & Luxembourg ............
Bermuda .......................
British Honduras ..........


Canada


4,788


4,465


3,883


1,916


9,189


Chile .
Denmark


I~lll))l~lll~l~r()lS


2,182
1


France ..
Ghana ...
Hong Kong

Iceland .


India


Iran ..
Ireland
Israel


Italy .
Jamaica
Japan .
Libya .
Mexico


1,347


2,987


Netherlands .......
Netherlands Antilles


3,217


6,460


11,462


2,303


7,316


)(ll~lrS


Panama .........................
Philippines ....................
Republic of South Africa ........:

Saudi Arabia..........
Singapore ................ .....:
Spanish Africa ... ....*......
Sweden .... ....... ... .... .


Switzerland


United Kingdom
West Germany .
Other -a......


1,834


2,421


2,312


4,552


6,777


Total


15,197


15,116


20,239


9,384


24,482


_/ Includes exports from Puerto Rico


Ct -- ,-. -I -- 4- t


n





Estimated utilization, United States, 1957


Industrial


Year


:Distilled


Yeast,


: Pharmaceuti-


: spirits :citric acid: cals and edi-: Total
: 1;' :and vinegar: ble molasses :


:Mixed feeds,
:direct feed-
: ing and
: silagre 2/


: --Million gallons--


* Total
:utili-
zation


1957
1958


59.2


1959 ......
1960 .......
1961 .......


70.0
70.0
71.0


70.4


14.0
15.0
15.0
37.0
47.1


143.2
14-. 7
121.3
180.0
126.0


475.4
577.0
553.5
721.5
580.7


1962


1963 .......
1964 .......
1965 .......
1966 ........

1967 ........
1968 4/ .....


6.2
15.1
9.3

28.7
17.5


85.0
90.0
100.0
100.0

100.0
100.0


38.7
40.0
47.0
50.0
50.0

51.5
52.5


124.2
130.0
143.2
165.1
159.3

180.2
170.0


501.6

525.1
581.4


586.4
628.5
659.8
618.6
660.9

705.3
751.4


Inlue moass sdinmkn


to 195


Includes molasses used in making ethyl alcohol, butyl and acetone prior
9.


2/, Molasses utilized in feeds


is a residual item, calculated by subtracting


molasses used industrially from total mainland supplies without considering
changes in stocks.


Pharmaceutical utilization not considered prior
Estimated.


to 1960.


__


Table 11.--IvMlasses:





UNITED STATES


DEPARTMENT OF


AGRI CULTURE


Postage


and Fees


Paid


Consumer


and Marketing
Grain Division


Service


, Department of


Agriculture


Room


5037,


Federal


Office


Building


701
New Orleans


Loyola Ave.
. Louisiana


70113


Official Business


UNIVERSITY OF FLORIDA
Ul II 1 11 1 1 Jll i IIIIIII 1I 1 li 1 1 1 111
3 1262 08591 0965