USDA releases December S&D for sugar

SUGAR: Projected U.S. sugar production for fiscal year<br>2003/04 is increased 74,000 short tons, raw value, from<br>last month, based on processors' production projections<br>compiled by the Farm Service Agency. Beet sugar<br>production is up 78,000 tons, more than offsetting a small<br>decrease in cane sugar. Total use is unchanged. The<br>total stocks-to-use ratio is 20.6 percent, compared with<br>19.8 percent last