By Ron Sterk
Food Business News
The U.S. Department of Agriculture, in its March 9 World Agricultural Supply and Demand Estimates report, lowered from February forecast sugar imports from Mexico as expected but also raised US sugar production and lowered deliveries, resulting in a higher-than-expected ending stocks-to-use ratio of 15.1% for the current 2020-21 marketing year.
Deliveries for food were forecast at 12,125,000 tons, raw value, down 75,000 tons from the February forecast and down 191,000 tons, or 1.6%, from 2019-20. Other delivery categories were unchanged from February, with total use forecast at 12,265,000 tons, down 75,000 tons from February and down 284,000 tons from a year earlier.