USDA Announces Adjustments to Fiscal Year 2017 Sugar Program

The U.S. Department of Agriculture (USDA) today announced several fiscal year (FY) 2017 sugar program adjustments that are being made in order to ensure an adequate supply of raw sugar in the U.S. market. The actions taken by USDA include: increasing the Overall Allotment Quantity (OAQ) for domestic sugar; reassigning beet sugar marketing allotments among processors; reassigning a surplus cane sugar marketing allotment of 870,000 short tons raw value (STRV) to imports; and increasing the U.S. raw sugar tariff-rate quota (TRQ) by 269,724 STRV. USDA has also requested that the U.S. Department of Commerce increase the FY 2017 Mexico export limit by 103,932 STRV and that the Office of the U.S. Trade Representative (USTR) reallocate the expected shortfall in the FY2017 raw sugar TRQ of 95,344 STRV.