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:
1969
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:
AA00008483:00006

Related Items

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

Full Text
A


CONSUMER AND MARKETING SERVICE
I rn r nwa riM J r inr.n r htamIr atAf& as At ta


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USDA


-L-cr""d





CONTENTS


Molasses price trends at New Orleans, 1964-69 (chart) ............

Blackstrap molasses prices by months, f.o.b. tank car or


tank truck,


1968-69:


New Orleans, Houston, Corpus Christi, El Paso, Phoenix,
Mobile, South Florida, Savannah, Wilmington ..............
Norfolk, Baltimore, Philadelphia, New York, Boston,
Albany, Buffalo, Toledo, Cincinnati, Minneapolis .............
Chicago, St. Louis, Kansas City, Omaha, Memphis,
Denver, California Ports, Pacific Northwest Ports ...........

Beet, citrus, and hydrol molasses prices by months, f.o.b.
tank car or tank truck, 1968-69:
Colorado, Wyoming, Montana, Oregon, Utah, Idaho, Florida
Points, Chicago, Kansas City .................................


Price comparisons between molasses and No.


New York, Chicago and Kansas City, 1960-69 .....................


yellow corn at


Hawaiian and Puerto Rican production, shipments to the U. S.
mainland, and exports to other countries, 1960-69 ..............

U. S. molasses production, inshipments, imports and exports,
1953-69 ........................................................


U. S. molasses imports by country of origin, 1965-69 .............


U. S.


molasses imports by customs districts, 1965-69 .............


U. S. molasses imports by country of origin and customs
districts, 1969 ........................................... ........


14-17


U. S.


molasses exports by country of destination, 1965-69 ........

molasses utilization, 1958-69 ..............................


Grain Division


Cl -- -. 1if.., --- n -- -


Page


n


1 nrrn





MOLASSES MARKET NEWS ANNUAL SUMMARY

HIGHLIGHTS OF 1969


Molasses prices


during the


1969 trading year


increa


sed steadily and


closed


sharply above


with an


were


a year


improved


the major


price


stimulating


earlier.


Deer


eased,


relationship with f


influences


evenly distributed, supplies coupled
eed grains and other feed ingredients


on the


prices


PRICES


Cane Molasses


During March


1969,


cane molasses


- following


years


of price


declines


- began a


during the August


gradual increase.


-October months,


The most rapid price


the period when major


incr


eases


occurred


contracting for the


ensuing


year


took place.


Price


increases


other markets.


were


December


ater


closing


at the Mississippi River


levels


at the Mi


ssissippi


terminals


than at


terminals were


-6# per


gallon


above


a year


earlier


with other Gulf


and East


coast markets


4 higher than a year


ago.


Despite


lower
lower
inals


the price


everywhere
at the Gulf


and unchanged


except


incr
the


and East


eases
West
coast,


on the West


during
coast.


1969,


average prices


Yearly average


lower


prices


at the Missi


for the year were


were


1-1 1/3


ssippi River


term-


coast.


Beet Molasses


Prices in
porting~areas.
with cane mola


1969 continue
Quotations


sses


higher than 1968.
$ 5.00 per ton, w

COttus Molasses


light


In the


rhich was


C


ed


their mixed reaction


in the Oregon-Utah-Idaho
, averaged $37.00 per to
olorado -Wyoming -Montana


about


$1.00 under the


year


in the
area,


n for the


area,


two principal re-
where competition


year,


prices


slightly


averaged


before.


Citrus molasses


remainder of
was about $2
prices had a


prices


trading year.


.50 per ton
weakening


below the
effect on


declined


early in


1969


The average price of


1968
the ec


average
itrus mol


as the
asses


d then held
$18.25 per


lower
market.


eady the


ton for


1969


cane molasses


COrn


(HydrIol)


Molasses


Corn molasses


grad
The


ual


price


increases


s followed
during the


the
year


same


trend


but a


1969 yearly average price was approximat


,as cane molasses


lower yearly average


and showed
price.


ely $2.50 per ton lower than


1968 yearly average.
















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Comparative


Values


price


The comparative feeding values moved
s than in 1968 and a slightly lower


molasses relationship


in favor


of molasses


in favor


price


of molasses.


for molasses


during


1969.


(See


Higher


reverse


Table


corn


the corn-
).


SUPPLY AND DISTRIBUTION


(Details on


Tables 4


through 10)


Supplies
mainland duri


n


of molasses
g 1969 were


available
somewhat


for consumption in


lower


than for


United States


the previous year.


Esti-


mated


a sharp


production of mainland


decrease


million gallons.


of inshipments
Availability


blackstrap was


lowered


down about
blackstrap


of beet molasses


19 million gallons


supplies


increased about


around


17 billion


gallons,


reflecting


the increased production


sugar


beets.


Utilization was


mainly in
continued


the areas


of production


to be somewhat


as movements


into


the heavy feeding


areas


limited.


Molasses


decline of


imports from foreign


about


6 million gallons


countries
from last


totaled
year.


362 million gallons,
This volume continues


run


considerably above


regained
there in


some of
excess


plier, shipping
ume from this s
declined to abo


but about


1969


showe


average of


imports


the tonnage loss of a yea
of 100 Pillion gallons. T
around 19 million gallons.


upplier


ut


in the


last


18 million gallons,


in line with
d only minor


10 years.


down


1966-67 years.


changes


from


during the
*.* -*


,r ago, witn to
he Philippines


last


years.


tal shipments


became


This represents
The total vol


1 million gallons


Shipments


from other


a major
largest


Mexico
rom
sup-
vol-


ume from Australia


from a


countries


ago,
in


1968.


New Orleans


roughly


Texas


of th


continue
e total


custom districts


of importing near the


d to be
imports


3 showed in
large feed


the principal receiving point,


. Receiving -districts on


creased receipts,


consuming


areas.


the West


handling


coast


reflecting changing practices
The traditional larger


Philadelphia and New


Most of the other


York


areas


areas


showed


declines


showed little change


of about


in rec


eipts


34 million gallons.
as consumption in t


respective


areas held


about


steady.


Total available


supplies for


domestic


consumption


declined


somewhat


from


last year record level and


closed


out the


year


at 716 million gallons.


Industrial uti
pharmaceutical
in the product


lization showed


areas.
ion of


A rather
distilled


only minor


sharp
spirits


changes with slight


decline


was noted


Available


increases


in the


in the use of molasses


supplies


for feeding


live-


stock decreased


11.0 million gallons


closed


at 555.6 million gallons.


year














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Table


--Price


comparisons
York, Chicag


between molasses
o and Kansas City


and No. 2
. 1960-69


yellow
1/


corn


: New York : Chicago Kansas City
Year Corn :Mobasses:Differ-: Corn :Molasses:Differ-: Corn :Molasses :Differ-
Sbu. : 62 gal. ence bu. : 6 gal,.: ence :bu. : 62 gal.: ence
--Cents--
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
1969 ..: 147.2 92.3 +54.9 123.5 120.3 +3.2 125.2 119.0 +6.2

/ A ''"rule of thumb" measure-- 6-1/2 gallons of molasses are about equiva-
lent 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 evaluate the energy produced from one bushel of corn and the
amount of molasses required to produce the same amount of energy.



Table 4.--Molasses: Hawaiian and Puerto Rican production, shipments to the
U. S. mainland, and exports to other countries, 1960-69


: Hawaii ; Puerto Rico
Year : Shipments : Shipments Exports
: Production : to U. S. : Production: to U. S. to other
: mainland : mainland : countries
: -1,000 gallons--
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 43,955 6,201 9,134
1969 .........: 45,373 48,430 1/ 41,600 4,614 5,893


1/ Estim
Bureau of
_- -


ated


the Census, U.
n -- --


S. Department
-t ~ ~ S


of


Commerce;
-^-^


Association of
i


Sugar






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Table 6.--Molasses, inedible:


U. S.


imports by country of origin, 1965-69


Country of origin : 1969 : 1968 : 1967 : 1966 : 1965
: --1,000 gallons--


Angola ......
Australia ...


Bahamas
Barbados


Belgium and Luxembourg ....
Brazil ..


British Honduras ....
Bulgaria ..........
Canada ..............
Colombia ............


Congo ....................:
Costa Rica ................:
Dominican Republic ........
Ecuador ...............:
El Salvador ..............
France .................:


18,272


1,034
1,628
20,136
2,362


9,095
2.182


44,363
8,480
1,331
9,146


French West Indies


Greece


Greenland


Guatemala ................
Guyana ... ............. ...
Haiti .....................
Honduras ................


4,216
2,295
3,444
3,116


India


Indonesia
Italy'...
Jamaica .


2,230
4,795
14,996


49,203"


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


20,137

6,757
6,757


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


I-
2,023
19,138


22,117


7,629


2,390


1,267


5,577


3,113
-
1,986
2,439


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

16,508


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


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

7,772

17,536


Kenya ..............


....: 954


Leeward


Mauritania ..
Mauritius ...
Mexico .....


1orocco ................
Mozambique .............
Netherlands ............


& Windward Islands


. S* S* S* S (


15,327
112,481
1,848
1,984


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


6,583
130,705


...: 6,010


Netherlands Antilles ......
Nicaragua ................
Pakistan .................
Panama .......... .........
Peru ......................
Philippines ..............
Poland ...................
Republic of China (Taiwan)
Republic of South Africa ..
Switzerland ...............
Thailand .................
Trinidad and Tobago .......
Turkey ................
UAR (Egypt) ...............
United Kingdom ............
Venezuela .................


5,440
2,738
978
7,421
19,366


3,426
2,000
3,343
6,061
-7


1,817

2,662
19,154
963


4,722


9,480


* 1,451
: "17,351
. 4,247


7,414


31 63


21,949


7,081
1,802

3,839


36g0~91


7,705


3,979
2,394
36n A/.ft


6,219
99,312
2,119

578
1,424
3,438


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


5,992


5,960
3,647
1. T157


3,301
95,564
3,629
3,629


3,737


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


6,756
-
1,804
1,705

26f ff.6





Table 7.--Molasses, inedible: U.


imports by customs districts, 1965-69


Customs districts : 1969 : 1968 : 1967 : 1966 : 1965
: --1,000 gallons--


Arizona ....
Buffalo ....
Connecticut
Dakota .....
El Paso ....


)III)))ES


4
*4*** *4* *


4,839
113
11,385


14,367


5,155
81
5,251


12,954


4,800
2,446
3,307


13,745


5,037
3,047
428
23
8,539


2,599
5,218
1,500
111
6,768


Florida ..........
Galveston .......


a
a.....


Georgia .....
Houston .....
Laredo ......


3,002
2,798
2,377
60,415
1,644


8,620
1,431
4,540
35,976
221


1,517
5,199
4,247
44,985
1,152


2,378
3,395
5,677
40,717
685


1,484
37,354
2,293

871


Los Angeles
Maine & New
Maryland ...
Massachusett
Michigan ...


Mobile ...........
New Orleans ......
New York .........
North Carolina ...
Ohio .............


Hampshire .


a
*4**


a.....
1)1)a
4*****


23,335
151
25,696
1,751


17,142
93,122
55,657
3,800
1,845


19,525
140
22,860
2,841
92


12,890
108,049
70,523
4,699
2,267


18,441
161
20,037
4,605
30


13,683
113,359
49,006
4,639
1,980


22,139
134
15,106
2,137
154


9,404
102,906
54,329
3,904
1,876


26,055
213
9,353
307
307


12,115
79,186
42,483
3,567
2,559


Philadelphia .
Puerto Rico ..
Sabine .......
San Diego ....
San Francisco


Vermont ..............
Virginia ..............
Washington ............

Total ...............


7,717
1,661
2,117
19,239
4,857


366
2,267


361,663


26,585
5,407
2,456
9,495
2,660


297
2,916
160

368,091


11,442
1,086
3,154
9,259
12,926


489
4,618
235

350,548


12,584
--
2,479
4,130
8,313


802
3,715
119

314,157


11,552
-
1,410
2,859
12,820


719
4,620


268,016


Bureau


Census.





Table 8.--Molasses, inedible: U. S. imports by country of origin
and customs districts, 1969


Country Arizona Buffalo:Co ect-: El Paso: Florida Galveston
: :icut
--1,000 gallons--
Australia ......... : -


Bahamas
Barbados


Belgium & Luxembourg
Brazil .............


3,003


1,058


British Honduras .


Canada


Colombia


Congo ............
Dominican Republic


2,508


Ecuador ...
El Salvador
France ....
Guatemala .
Guyana ....

Haiti .....


Honduras .............
Indonesia .............:


Italy .
Jamaica


1,975


Mauritius
Mexico ...


4,839


14,367


Morocco .....
Mozambique ..
Nicaragua ...


Pakistan


Panama


Peru


Philippines


Republic of South Africa;


Thailand ..........
Trinidad and Tobago
Turkey .........
United Kingdom ....


2,340


1,501


1,662


Total


4,839


11,385


14,367


3,002


2,798


Bureau


Census.


2,405





Table 8.


--Molasses,


inedible:


customs


imports


tri cts,


country


origin


1969


S: Los haine :Massachu-:
Georgia : Houston Laredo M M yland setts bile
: Angeles : & N. H.: : setts :


--1,000 gallons
1,811


3,634


1,616


1,171


2.839


,075

,043


1,034


2,230


,043


4,783
18,402


1,497


1,644


3,164


15,667


1,080


4,869
649


3,617


1,451
5,499
2,354


2,377


60,415


1,644


,696


1,751


17,142


(Continued


on next


page)





Table 8.--Molasses, inedible: U. S. imports by country of origin
and customs districts, 1969 (continued)

: New : New : North : : Phila- : Puerto
Country : Orleans: York : Carolina: Ohio : delphia: Rico
: --1,000 gallons--


Australia ..............
Bahamas ................
Barbados ...............
Belgium & Luxembourg ..
Brazil ... ............


British Honduras .......
Canada .................
Colombia ..........
Congo ..................


5,704


926
1,628


: 10,574


: 746

: 2,264
: 2,182


Dominican Republic .....: 18,173


13,320


4,427


1,661


Ecuador ........


4,446


El Salvador ...........
France .. ..............
Guatemala ....... .......
Guyana ................


Haiti ....


Honduras .........


7,171


1,870


2,969
861


2,167


Indonesia ..............


Italy .......
Jamaica .....


4,324


2,390,
2,399


Mauritius ......
Mexico .........


.. .... .


Morocco ..........
Mozambique ......
Nicaragua ........


: 963
: 26,866


4,920
7,785
1,848


3,800


1,845


2,054


1,984


Pakistan ................


2,198


Panama ...........


Peru


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


1,819


Thai land ......
Trinidad and Tobago ....:
Turkey .................:
United Kingdom ......:


4,396
-a


1,236


1,893
5,752


Total .................:


93,122


55,657


3,800


1,845


7,717


1,661





Table


--Mola


sses,


inedible:


customs


tri cts,


imports


1969


country


origin


(continued)


Sabine


Diego


Franci


Vermont


BEOo


Virginia


* Total


--1 000
,694


gallons--


494
1,034
1,628
0,136


2,362
522
9,095
2,182
44,363


8,480
1,331
9,146
4,216
2.295


3,444
3,116
2,230
4,795
-14,996


1,126


2.267


112,481
1,848
1,984
5,440


2,738
978
7,421
19,366
9,480


12,65


1,451
7,351
4,247
7,414


2,117


4,857


2,267


361,663





Table 9.--Molasses, inedible: U. S. exports
by country of destination, 1965-69 1/


Country of Destination : 1969 : 1968 : 1967 : 1966 : 1965
: --1,000 gallons--
Bahamas ..................2 2
Belgium & Luxembourg ......: 2 -
Bermuda ..................... 16 2 3


British Honduras


Canada


........


2,439


4,788


4,465


3,883


1,916


Chile ....
Denmark ..


2,182


France ..................
Ghana ...................
Hong Kong ...............

Iceland .................
India ...................


Iran ...........
Ireland ........


Italy ..


1,347


Japan ..
Libya ..
Mexico .


2,987
3
173
3,217


Netherlands .


369
6,460


25
11,462


6
2,303


Netherlands Antilles .......
Panama..................
Philippines .... ...........
Republic of SouthAfrica ...
Singapore ..................

Spanish Africa .............
Sweden .....................
Switzerland ................


2,254


4,034


United Kingdom ......
West Germany .......


1,834


2,421


2,312


4,552


Total


SASS5


15,197


15,116


20,239


9,384


1/ Includes exports from Puerto Rico


Bureau


Census.


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i ))1111)))1~
11(~)11)1()11()11()(





Table


--Molasses:


Estimated


utilization,


United


States,


1958-69


Year


:Distilled
: spirits


Industrial
Yeast, :Pharmaceuti-


:citric


:and


acid


vinegar


:cals


and edi-:


:ble molasses


:Mixed feeds,


:direct


feed-


Total


: silage


Total
utili-
zation


--Million gallons--


61.7


1958
1959
1960
1961
1962


70.0
71.0
74.0
70.4
79.8


15.0
15.0


146.7
121.3
180.0
126.0


124.


569.
546.
713.
570.
577.


1963
1964
1965
1966
1967


15.1


.. *0*e**


90.0
100.0
100.0
100.0


40.0
47.0
50.0
50.0


130.0
143.2
165.1


159.
180.


486.1
494.5
446.9
490.7
507.1


616.1
637.7
612.0
650.0


1968
1969


.... ....:
/.O O. ..


100.0
100.0


170.3
160.0


736.6
715.6


Includes


to 1959.
2/ Molasses
molasses used


molasses


utilized


used


in making


in feeds


ethyl alcohol,


a residual


item,


butyl and


calculated


industrially from total mainland supplies without


acetone prior


by subtracting
considering


changes
3/ P
/ E


in stocks.


pharmaceutical


utilization not


considered


prior


to 1960.


estimated.






UNITED STATES
Consumer


DEPARTMENT OF
and Marketing


AGRICULTURE
Service


Grain Division


Room


5037,


Federal


Office


701 Loyola Ave.


New Orleans,


Louisiana


Building


POSTAGE & FEES PAID
United States Department of Agriculture


70113


Official


Business


PENALTY FOR PRIVATE USE,


$300


UNIVERSITY OF FLORIDA

3 1262 08591 1112


6922


DLULUO


8122


02045


0001


DOCUMENTS


UNIV


LIBR


FLORIDA


GAINESVILLE


UNIV

32601


LIBRARIES


.~_i


;i
.il
"EE