The U.S. Department of Agriculture (USDA) announced four sugar program adjustments aimed at increasing the U.S. sugar supply by 414,000 short tons, raw value, to ensure an adequate supply of raw sugar in the U.S. for the remainder of the current marketing year that ends Sept. 30, reports Food Business News.
The USDA increased the domestic sugar overall allotment quantity, reassigned beet sugar marketing allotments among U.S. beet processors, reassigned surplus domestic cane sugar marketing allotments to imports and increased the U.S. raw sugar tariff rate quota.
The U.S. sugar program requires the USDA adjust the overall allotment quantity based on quarterly estimates of sugar consumption to maintain an 85% level for domestic sugar. The program also requires that 45.65% of the overall allotment quantity be allocated to cane sugar and 54.35% to beet sugar. (Source: Food Business News))
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