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Imports Lift U.S. Sugar Supply
WASHINGTON - Feb 9/06 - SNS -- Rising import allocations are having an impact on projected sugar supplies in the United States, with the USDA's World Agricultural Outlook Board raising domestic supply in its latest usage summary.
Projected U.S. sugar supply for 2005-06 is increased 316,000 short tons, raw value, from last month. Higher imports under the tariff rate quota (TRQ) more than offset reduced high-tier sugar imports from Mexico. The shortfall in filling the TRQ is increased 50,000 tons.
Production, based on processor projections compiled by the Farm Service Agency, is little changed. Use is lowered slightly based on slower-than-expected deliveries to manufacturers under the re-export program. Ending stocks are increased to 1.7 million tons, or 16% of use.
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