USDA sees larger US sugar supplies for 2022/2023
The US Department of Agriculture in its Oct. 12 World Agricultural Supply and Demand Estimates report forecast higher sugar supplies and ending stocks for 2022-23. Beginning stocks, domestic cane sugar production and tariff-rate quota imports for 2022-23 all were raised from September while deliveries were unchanged. The ending stocks-to-use ratios were raised for both last year and for 2022-23.