Weekly National Molasses Report

SPRINGFIELD - May 28/02 - SNS -- The USDA released its latest weekly national report covering the sugarcane molasses market in that country. The report covers both cane blackstrap and feed grade merchandise

National Molasses Report
Prices for sugarcane molasses were steady to 5.00 lower. Domestic supplies 
were moderate to heavy. Demand was light. Large supplies of imported molasses, 
abundant supplies of competitive feedstuffs and decreased feed demand from the 
cattle industry pressured the domestic molasses market. Larger than expected 
quantities of beet molasses available for feed usage also pressured the cane 
molassses market in some areas.
Feed Molasses (minimum 79.5 brix, 43% sugars, except where noted) wholesale 
prices, tank car or truck, fob terminal, prompt delivery, dollars/ton, 1/
Type and Market Area        As of Noon:    Last Week      Last Year
                            05/28/2002     05/20/2002     05/29/01
Cane Blackstrap                                                            
 New Orleans                60.00-65.00    60.00-65.00    60.00-67.50
                                           mostly 65.00   mostly 67.50
 Houston                    67.50-70.00    67.50-70.00    72.50
 South Florida              75.00          77.50          77.50
 Savannah (46% Sugars)      87.50          87.50          80.00
 Baltimore/Philadelphia     85.00          85.00-90.00    92.50
 Upper Mississippi River
   Distribution Points*     80.00-85.00    80.00-85.00    80.00-87.50
 Los Angeles (48% Sugars)   82.50          82.50-87.50    87.50-95.00
 Stockton (48% Sugars)      82.50          82.50-87.50    87.50-95.00
1/ Per ton prices are based on 171 gallons for blackstrap molasses. To
compute cents per gallon prices on cane molasses divide dollars per ton by
171 gallons ($ per ton divided by 171 gallons = cents per gallon). Ton- 
2,000 lbs; Gallon= U.S. gallon.
**Prices represent sales fob terminal to the general feed trade in the 
respective areas but do not necessarily reflect sales to other trade
areas.**
* Includes the major Upper Mississippi river tributaries with the
exception of the Missouri River.
Source:  USDA-IL Dept of Ag Market News Springfield, IL 217-782-4925