date:Nov 12, 2018
The U.S. Department of Agriculture on Thursday lowered its outlook for sugar stocks in the current crop year on reduced expectations for domestic production.
The closely watched stocks-to-use ratio was seen at 11.3 for 2018/19, down from Octobers forecast of 12.7, the USDA said in its monthly supply-demand report. That compares with a ratio of 16.0 in the 2017/18 crop year that ended Sept. 30.
This was the lowest projection in a monthly report since July 2017.
U.S. sugar farmers will produce