COMMODITY BRIEFS

COMMODITY BRIEFS

CZARNIKOW REVISES

1990 SUGAR ESTIMATESWorld raw sugar production should rise to 107.21 million metric tons in 1989-90 (October-September), U.K. sugar analyst C. Czarnikow said in its latest sugar review, revising the figure up from the 106.4 million it estimated at the beginning of the year.

Set against estimated world consumption for calendar 1990 of 109.06 million tons, Czarnikow's estimate of world sugar deficit during that period is 1.85 million tons, down from 3.07 million earlier forecast.

Czarnikow also revised its consumption forecast for calendar 1990 down

from 109.470 million tons.

World stocks are set to fall again next year, and as a percentage of consumption they may fall below the levels of 1980-81 when tight supply led to a bull sugar market, the report said.

US, SOVIETS CANCEL

SPRING GRAINS MEETING

WASHINGTON - U.S. and Soviet aides have postponed a meeting set

tentatively for this month to discuss issues under the current long-term

grains agreement, and instead will meet some time this fall, a Department of Agriculture spokeswoman said Friday.

Under the existing grains treaty, which will expire in December, officials meet once in the spring and once in the fall to review Soviet purchases and future grain needs. Richard Crowder, USDA undersecretary, told reporters recently that this year's spring discussions would take place some time in mid-May.

But that meeting is now being rescheduled for some time in the fall, spokeswoman Kelly Shipp told Knight-Ridder Financial News.