The World Agricultural Supply and Demand Estimates (WASDE) report, released on May 12 by the U.S. Department of Agriculture, reflects a projected U.S. sugar supply of 13.867 million short tons, raw value (STRV) for fiscal year 2015/16. Total U.S. production for 2015/16 is forecast at 8.450 million STRV, a decrease of 76,000 from 2014/15.
The projected stock-to-use ratio for fiscal year 2015/16 is 12.6 percent. IDFA historically views a 15.5 percent ratio as necessary to provide adequate supplies to the U.S. domestic market.
The World Agricultural Outlook Board, which coordinates, reviews and approves the monthly WASDE report, serves as USDA’s focal point for economic intelligence and the commodity outlook for U.S. and world agriculture.
For more information, contact Beth Hughes, IDFA director of international affairs, at email@example.com.