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U.S. Domestic Sugar Supply Rising
WASHINGTON - Oct 12/07 - SNS -- Projected 2007-08 U.S. sugar supply is increased 97,000 short tons, raw value, from last month as higher production and imports more than offset lower beginning stocks, according to the latest supply and demand forecasts from the USDA's World Agricultural Outlook Board.
Production is increased 105,000 tons based on processors' projections compiled by the Farm Service Agency. Beet sugar production is increased 107,000 tons. Tariff rate quota imports are increased 14,000 tons to account for Costa Rica's quota under the Dominican Republic-Central American Free Trade Agreement. Use is unchanged.
For 2006-07, ending stocks are decreased 22,000 tons from last month to account for minor changes in production estimates and imports.
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