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U.S. Domestic Sugar Supply Rises
WASHINGTON - Jul 12/05 - SNS -- Projected U.S. sugar supply for 2005-06 is increased 145,000 short tons, raw value, from last month, due to higher beginning stocks and production, according to the latest report from the USDA's World Agricultural Outlook Board.
Processors' reports compiled by the Farm Service Agency put 2005-06 production at 8.15 million tons, up 12,000 tons from last month's projection. No changes are made to use.
For 2004-05, higher production and imports increase supply 133,000 tons. Production is increased 43,000 tons based on processors' reports. Imports are increased 90,000 tons, as higher shortfall in filling the tariff rate quota is more than offset by higher imports under the re-export program (50,000 tons) and high-tier sugar imports from Mexico (60,000 tons).
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