USDA Announces Fiscal Year 2018 Sugar Loan Rates, Allotment and Marketing Allocations

The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation (CCC) today announced the marketing assistance loan rates for sugar for crop year 2017 (fiscal year 2018). CCC also announced provisions of the fiscal year 2018 domestic sugar program. USDA offers marketing assistance loans to processors of sugar beets and domestically grown sugarcane to provide interim…

September 2017 Sugar and Sweeteners Outlook

The September World Agricultural Supply and Demand Estimates (WASDE) lowered projected domestic sugar production in 2017/18 by 41,000 short tons, raw value (STRV) from the previous month’s report. Cane sugar production is increased 10,000 STRV based on higher production in Texas. Hurricane Harvey made landfall on the Texas coast in late- August. The sugarcane-producing regions…