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U.S. Sugar Supply Improves
WASHINGTON - Apr 9/10 - SNS -- Expected supply supply availability improved significantly in the United States ocer the past month, according to the latest USDA World Agricultural Outlook Board forecasts.
For the United States, projected 2009-10 sugar supply is increased 143,000 short tons, raw value, from last month, with higher beginning stocks and imports more than offsetting lower production.
Imports are increased 130,000 tons to account for the tariff rate quota re-allocation and additional market incentives for quota holders to export to the United States. Cane sugar production in Florida is lowered 35,000 tons based on processor reports.
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