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Sugar Stocks Building in U.S.
WASHINGTON - Apr 9/09 - SNS -- Sugar stocks are rising more rapidly than anticipated, with the result the U.S.faces a substantial increase in ending stocks, according to the latest forecasts from the USDA's World Agricultural Outlook Board.
Projected 2008-09 U.S. sugar supply is increased 274,000 short tons, raw value, from last month, mainly due to increased imports. Production changes were largely offsetting.
Beet sugar production is increased on processors= indications of an early start to the 2009-crop harvest in September. Sugarcane processors in Florida indicate per-acre sugarcane tonnage and extraction are lower than expected last month.
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