The August World Agricultural Supply and Demand Estimates (WASDE) raised projected domestic production in 2017/18 by 232,000 short tons, raw value (STRV), based on strong yields forecast in the National Agricultural Statistics Services’ (NASS) Crop Production report released on the same day. Projected supplies are also increased due to a 235,000- STRV increase in projected beginning stocks, the result of higher estimated production in 2016/17 and higher estimated imports due to USDA’s raising the 2016/17 raw sugar TRQ and requesting that the U.S. Department of Commerce (USDOC) raise the Export Limit for shipments from Mexico. Higher imports are also projected for 2017/18, as the raised raw sugar TRQ for 2016/17 also announced that shipments under the quota could enter until October 31, 2017.
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