date:Jun 13, 2013
13 ratio, which was up from 18.5% in May. Both years ratios are well above the U.S.D.A.s targeted range around 15%.
Most of the increase for both 2012-13 and 2013-14 resulted from sharply higher forecast imports of sugar from Mexico as U.S. domestic production and use forecasts were unchanged from May for both years.
Total 2013-14 U.S. sugar production was projected at 8,584,000 tons, unchanged from May but down 431,000 tons, or 5%, from 9,015,000 tons in 2012-13. The U.S.D.A. projected beet s