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Improved U.S. Sugar SupplyWASHINGTON - Oct 10/08 - SNS -- Sugar supplies in the United States look more ample for the coming season because of a larger domestic crop, according to the latest supply and demand forecasts from the USDA's World Agricultural Outlook Board. Projected 2008-09 U.S. sugar supply is increased 151,000 short tons, raw value, from last month. Lower carry-in stocks are more than offset by higher production. Lower carry-in stocks result mainly from lower 2007-08 imports, based on final quota entries for the year. Production for 2008-09 is increased 202,000 tons. Beet sugar production is raised 200,000 tons based on higher forecast 2008-crop sugarbeet production, and assuming a 15% recovery rate for sugar from sugarbeets. Ending stocks are raised 151,000 tons from last month, at 656,000 tons which are down 853,000 tons from last year. Subscribers can read the full text of the article by Clicking here
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