Food Business News: Legislation introduced to reform sugar program

Bipartisan legislation to reform the controversial U.S. sugar program was introduced on Nov. 7, prompting quick responses from sugar users and producers. … The Sweetener Users Association (S.U.A.) said the legislation “leaves in place smart protections to ensure the sugar market operates freely without unnecessary government intrusion,” and that such reform was long overdue. “The…

October 2017 Sugar and Sweeteners Outlook

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…

USDA Announces Commodity Credit Corporation Lending Rates for October 2017

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…