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Lower Sugar Supply Seen in U.S.
WASHINGTON - Jun 9/06 - SNS -- Projected 2006-07 U.S. sugar supply is lowered from 11.485 million short tons last month to 11.437 million, due to lower beginning stocks, according to the latest supply and demand outlook report from the USDA's World Agricultural Outlook Board.
Sugar use is unchanged. Ending stocks are lowered 48,000 tons to 822,000.
For 2005-06, total supply is increased slightly. Beet sugar production forecast by processors, as compiled by the Farm Service Agency, is lowered 38,000 tons.
Imports are raised 50,000 tons, as increases in high-tier imports and sugar for re-export more than offset lower tariff rate quota (TRQ) imports. Shortfall in filling the TRQ is increased 75,000 tons to 240,000 tons.
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