The World Agricultural Supply and Demand Estimates (WASDE) report, released on Tuesday by the U.S. Department of Agriculture, reflects a slight decrease in projected U.S. sugar supply for fiscal year 2014/15.
It lowers last month’s projection from 13,910 short tons, raw value, to 13,868 STRV. The projected stock-to-use ratio for fiscal year 2014/15 decreased to 13.5 percent, down from 13.6 percent last month.
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.
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