U.S. sugar stocks-to-use ratio reached 16%
The United States’ sugar stocks-to-use ratio, a key indicator to evaluate supply and demand, jumped for the second consecutive month and reached 16,1% on Tuesday, according to an estimate by the U.S. Department of Agriculture (USDA).
It is reported by Reuters.
The USDA had increased its stocks-to-use projection from 13,5% to 14,4% in January, due to higher sugar production in the United States. It boosted its projection again o...