US sugar growers urge USDA to hold back on imports

摘要

US sugar producers have urged the USDA to hold off on possible sugar imports until the harvest is in and a more accurate picture of the supply/demand situation in the country's sugar market emerges. "They've got the opportunity to wait," Jim Simon, general manager of the American Sugar Cane League in Louisiana, told Reuters at the start of the annual meeting of the US sugar industry group American Sugar Alliance (ASA) in late July 09. US sugar producers are concerned that the USDA would authorise sugar imports because the closely watched stock-to-use ratio in the US sugar market stands at a tight 3.4%, sharply down from the USDA's preferred level of 15%.