Sugarcane| The US Department of Agriculture hiked its forecast for sugar supplies

March 11, 2016 9:21 AM | Skymet Weather Team

The US Department of Agriculture hiked its forecast for sugar supplies in the 2015-16 marketing year on a higher outlook for sugar imports, a move expected to ease concern over a raw supply shortage for the country's cane refiners. The USDA raised the closely watched stocks-to-use ratio to 13.5 from 12.8 last month on expectations of higher sugar imports.

 

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