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The United States sugar stocks at the end of the 2022/23 harvest are only enough for 7.6% of demand, says USDA

Sugar
United States
Published Jun 14, 2022

Tridge summary

The United States Department of Agriculture (USDA) on Friday lowered its forecast for the stock-to-use ratio of sugar, a key indicator of the supply level, to 7.6% for the 2022/23 season, of 10.1% observed in May, while estimates for production in the United States fell.

Original content

The United States Department of Agriculture (USDA) on Friday reduced its forecast for the sugar stock-use ratio, an important indicator of the supply level, to 7.6% for the 2022/23 season, of 10.1% observed in May, while estimates for production in the United States have fallen. By Reuters This means that the amount of sugar that will be available in the United States at the end of the 2022/23 harvest (October – September) would only be enough for 7.6% of the country's total demand, projected at 12.59 million short tons. In its monthly supply and demand report, the USDA projected U.S. sugar ...
Source: Canaonline
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