Sugar stocks higher, ready to service extra US demand, sugar regulator says
THE VOLUME of sugar carried over from the last crop season is sufficient to meet any additional US demand should Washington allocate a bigger quota, the industry regulator said.
“We have raw and refined sugar of around 600,000 metric tons (MT) which is why we are confident because our stocks are higher than the previous crop year. Producers are prepared for late milling,” said Rosemarie S. Gumera, manager of the Sugar Regulatory Administration’s (SRA) Policy and Planning Division, in an interview with reporters last week.
For current stocks carried over from the last crop year, raw sugar was at 330,043 MT while refined sugar at 305,129 MT. Stock carried over from crop year 2014 to 2015 were at 259,006 MT for raw sugar and 226,713 MT for refined.
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