WASHINGTON (Dow Jones)--U.S. sugar production will total
8.435 million short tons in 2001-02, unchanged from the prior
month's forecast but down from the estimate of 8.571 million
for 2000-01, the U.S. Department of Agriculture said Tuesday
in its World Agricultural Supply & Demand Estimates
report.
The USDA estimated 2001-02 U.S. cane sugar production at
4.185 million short tons, unchanged from the prior forecast
but up from the estimate of 4.071 million for 2000-01.
Cane sugar production by state for 2000-01 (with 2001/02
projection in parentheses) consists of the following: Florida,
2.055 million (2.060 million) short tons; Hawaii, 240,000
(270,000); Louisiana, 1.570 million (1.675 million); Texas,
200,000 (165,000); Puerto Rico, 6,000 (15,000).
The USDA estimated 2001-02 U.S. beet sugar production at
4.250 million short tons, unchanged from the forecast in May
but down from the estimate of 4.5 million for 2000-01.
Stocks-To-Use Ratio Below Last Year's Figure
While USDA has released sugar production projections for
2001-02, it does not yet have estimates for that year on other
activity.
The USDA projected the stocks-to-use ratio at 19.3% for
2000-01, compared to 18.6% estimated last month and 22.0% for
1999-00.
U.S. sugar stocks at the end of the 2000-01 crop year are
estimated at 2.018 million short tons, above last month's
estimate of 1.946 million tons but below the 1999-00 figure of
2.219 million tons.
The USDA pegged U.S. raw sugar imports in 2000-01 at 1.698
million short tons, below a projection of 1.723 million short
tons but up from the estimate of 1.636 million for 1999-00.
Actual arrivals of sugar imports in the U.S. under the
2000-01 quota were pegged at 1.245 million short tons, the
same as a forecast but above the estimate of 1.124 million
tons for 1999-00, the USDA said.
For non-quota sugar imports USDA released an initial
estimate for the 2001-02 year. The department projected
2001-02 non-quota sugar imports at 390,000 short tons, the
same as the estimate in May but down from the forecast of
453,000 for 2000-01.
Non-quota imports are described as those exempt from the
U.S. sugar import quota, including those for re-export, those
imported as sugar syrup, those imported for conversion to
polyhydric alcohol and those above-quota imports that are
subject to high tariffs. |