date:Mar 11, 2013
012-13.
The ending stocks-to-use ratio for 2012-13 was projected at 20%, up from 19.3% projected in February, above 17.2% estimated for 2011-12 and the highest since 2000-2001. Stocks-to-use ratios for both years are well above the top end of the U.S.D.A.s target range near 15%.
U.S. beet sugar production for 2012-13 was forecast at 5,300,000 tons, unchanged from February but up 400,000 tons, or 8%, from 4,900,000 tons in 2011-12. U.S. cane sugar production was projected at 3,860,000 tons, dow