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Rising U.S. Sugar Surplus
WASHINGTON - Dec 11/07 - SNS -- Rising supplies of sugar in the United States will lift season ending stocks to their highest level in recent years, according to the latest forecasts from the USDA's World Agricultural Outlook Board.
Projected 2007-08 U.S. sugar supply is increased 170,000 short tons, raw value, from last month, mainly due to higher production and imports. Production is increased 112,000 tons, based on processors' projections compiled by the Farm Service Agency. Prospects for higher supplies in Mexico lead to a 50,000-ton increase in exports to the U.S. market. U.S. use is unchanged.
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