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U.S. Sugar Supply Rises
WASHINGTON - Jul 12/06 - SNS -- Supplies of sugar in the United States will be larger than originally thought during the 2006-07 season, according to the latest outlook from the USDA's World Agricultural Outlook Board.
Projected 2006-07 U.S. sugar supply is increased 157,000 short tons, raw value, from last month, due to higher beginning stocks and production.
Processor projections compiled by the Farm Service Agency put 2006-07 production at 8.35 million tons, up 115,000 tons from last month's projection. Sugar use is unchanged.
For 2005-06, total supply is increased 42,000 tons. Production is reduced 28,000 tons, while imports are raised 70,000 tons mainly due to lower shortfall in filling the tariff rate quota (TRQ). The shortfall in filling the TRQ is decreased 60,000 tons and stands at 180,000 tons. Total use is unchanged.
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