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…

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…

Perishable News: Sweetener Users Call On NAFTA Negotiators To Expand Sugar Trade, Outline Negotiating Objectives

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…

August 2017 Sugar and Sweeteners Outlook

The August World Agricultural Supply and Demand Estimates (WASDE) raised projected domestic production in 2017/18 by 232,000 short tons, raw value (STRV), based on strong yields forecast in the National Agricultural Statistics Services’ (NASS) Crop Production report released on the same day. Projected supplies are also increased due to a 235,000- STRV increase in projected…

Sweetener Users Call on NAFTA Negotiators to Expand Sugar Trade, Outline Negotiating Objectives

Washington, DC (August 16, 2017) – 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…

Candy & Snack Today: Bloomberg Report Sheds Light On Political Influence Of Top Sugar Producers

A story breaking this week from Bloomberg Politics details the political influence of the most powerful family in the sugar industry, the Fanjuls. The report focuses on the family’s massive wealth, formed on the backs of hardworking taxpayers, and how they have used that wealth to curry favor to insulate the U.S. sugar program from much needed reform.…