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Modest Drop in U.S. Sugar SupplyWASHINGTON - Jan 11/08 - SNS -- Residual stocks of sugar in the United States will be lower than initially though against a reduced harvest and smaller imports, according to forecast from the USDA's World Agricultural Outlook Board. Projected 2007-08 U.S. sugar supply is decreased 44,000 short tons, raw value, from last month, mainly due to lower production. Production is decreased 46,000 tons, based on processors' projections compiled by the Farm Service Agency. A minor decrease in imports nearly offsets higher beginning stocks, which are raised 5,000 tons to reflect revised 2006-07 ending stocks. Demand for 2007-08 is unchanged. Subscribers can read the full text of the article by Clicking here
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