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 forecasts. Federal law allows sugar processors to obtain loans from USDA with maturities of up to nine months when the sugarcane or sugar beet harvest begins. Upon loan maturity, the sugar processor may repay the loan in full or forfeit the collateral (sugar) to USDA to satisfy the loan.
READ MORESweetener Users Association
The Sweetener Users Association (SUA) represents American food and beverage manufacturers who use sugar to make the products U.S. consumers know and love – from sweet treats to everyday staples like bread, pasta sauce, yogurt and peanut butter.
