U.S. Sugar Supplies Jump

WASHINGTON - Sep 12/07 - SNS -- Larger domestic sugar crops and imports will result in a significant increase in available supplies on U,.S. markets in 2007-08, according to the latest forecasts by the USDA's World Agricultural Outlook Board.

Projected 2007-08 U.S. sugar supply is increased 414,000 short tons, raw value, from last month, with higher beginning stocks, production, and imports. Production is increased 50,000 tons, based on processors' projections compiled by the Farm Service Agency. Imports are increased 220,000 tons, accounting for 70,000 tons of refined specialty sugar tariff rate quota (TRQ) announced in August and 150,000 tons of non-program imports due to higher production and beginning stocks in Mexico. Use is unchanged.

For 2006-07, ending stocks are increased 144,000 tons from last month. Production is increased 18,000 tons, based on processor estimates. Imports are increased 61,000 tons, due to higher imports of TRQ sugar from Mexico. Based on pace to date, use is lowered 65,000 tons, as a 100,000-ton decrease in deliveries for domestic food use is partially offset by a 35,000-ton increase in exports.

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