Projected U.S. sugar supply for fiscal year 2013/14 is decreased 73,000 short tons, raw value (STRV), from last month, as a result of lower production and slightly lower beginning stocks.Sugar production is projected down 71,000 STRV, based on processor reports, with 41,000 of the decline from beet sugar and 30,000 from cane sugar. The 2,000 STRV reduction in 2013/14
beginning stocks reflects minor adjustments to estimated 2012/13 cane sugar production and deliveries for food. Projected 2013/14 use is unchanged from March indications. The net reduction in projected 2013/14 ending stocks of 73,000 STRV brings the stocks-to-use ratio down to 13.0 percent, from 13.6 percent projected in March.
Supply and use estimates for Mexico for 2012/13 and projections for 2013/14 are unchanged this month.
Source: USDA