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U.S. Sugar Supplies Slip
WASHINGTON - Mar 10/06 - SNS -- Projected U.S. sugar supply for 2005-06 is decreased 51,000 short tons, raw value, from last month as imports remain steady in the face of smaller domestic crops, believes the USDA's World Agricultural Outlook Board.
Lower production more than offsets a slight increase in beginning stocks. Production, based on processor projections compiled by the Farm Service Agency, is down 30,000 tons for beet sugar and 23,000 tons for cane sugar.
Use is increased 100,000 tons based on a strong deliveries pace to date. Ending stocks are decreased to 1.5 million tons, or 14.4% of use.
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