The World Agricultural Supply and Demand Estimates (WASDE) report, released on June 10 by the U.S. Department of Agriculture, reflects a projected U.S. sugar supply of 13.742 million short tons, raw value (STRV) for fiscal year 2015/16, a decrease of 125,000 from last month. Total U.S. production for 2015/16 is forecast at 8.720 million STRV, an increase of 270,000 from last month.
The projected stock-to-use ratio for fiscal year 2015/16 remained the same from last month at 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.