Washington, DC (November 7, 2017) – American food and beverage manufacturers today applauded introduction of the Sugar Policy Modernization Act – bipartisan legislation introduced in the House and Senate that would fix the flawed U.S. sugar program. Introduced by Representatives Virginia Foxx (R-NC) and Danny Davis (D-IL) and Senators Jeanne Shaheen (D-NH) and Pat Toomey…
S.2086 – A bill to amend the Federal Agriculture Improvement and Reform Act of 1996 to extend and modernize the sugar program, to extend and subsequently repeal the feedstock flexibility program for bioenergy producers, to extend and subsequently replace flexible marketing allotments for sugar, and for other purposes.
The October World Agricultural Supply and Demand Estimates (WASDE) lowered projected domestic sugar production in 2017/18 by 66,000 short tons, raw value (STRV) from the previous month’s report. Cane sugar production is lowered 26,000 STRV, as the reduction in cane sugar production in Florida, due to the effects of Hurricane Irma, is offset by a…
The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation today announced interest rates for October 2017. The Commodity Credit Corporation borrowing rate-based charge for October is 1.250 percent, unchanged from 1.250 percent in September. The interest rate for crop year commodity loans less than one year disbursed during October is 2.250 percent, unchanged from 2.250 percent…
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…
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…
This monthly report provides information on U.S. sugar import and re-exports, including the fill rate of the sugar TRQs and sugar imports from Mexico.
The U.S. Department of Agriculture (USDA) Commodity Credit Corporation (CCC) announced today that it does not expect to purchase sugar under the Feedstock Flexibility Program for fiscal year (FY) 2018. The CCC is required by law to announce quarterly estimates of sugar to be purchased for the Feedstock Flexibility Program based on crop and consumption…
With the first round of negotiations to modernize the North American Free Trade Agreement (NAFTA) beginning today in Washington, America’s sweetener users urged negotiators to expand, not further restrict, trade in sugar. “On behalf of America’s food and beverage companies that use sugar in the products they make and the more than 600,000 Americans they…