Sugar Supply Expands in 2006-07

WASHINGTON - Aug 11/06 - SNS -- Projected 2006-07 U.S. sugar supply is increased 630,000 tons, raw value, from last month, due to higher beginning stocks and imports, according to the latest supply and demand outlook developed by the USDA's World Agricultural Outlook Board.

Imports are increased 480,000 tons based on increased tariff rate quota (TRQ) imports; high-tier imports are reduced 50,000 tons. The TRQ increase is based on USDA's July 27, 2006, announcement of sugar program provisions. Sugar use is unchanged.

For 2005-06, total supply is increased 150,000 tons. Production is reduced 31,000 tons based on processor estimates compiled by the Farm Service Agency.

Additional imports under the TRQ are increased 105,000 tons, comprising 70,000 tons of the announced global refined sugar TRQ, 25,000 tons of the 2006-07 raw sugar TRQ, and 10,000 tons of specialty sugar. High-tier sugar imports are increased 75,000 tons, as most of the increase has already entered. Sugar use is unchanged.

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