Sugar Sees No Increase in Tariff-Rate Quota or Company Sugar Marketing Allotments
There will not be an increase in the raw sugar tariff-rate quota (TRQ) or the domestic sugarcane or sugar beet processor marketing allotments, according to the U.S. Department of Agriculture. A June review of the U.S. sugar market indicates a substantial increase in fiscal year (FY) 2012 supply due to higher Mexican imports and larger beet sugar production than expected. Additional adjustments to import TRQs and domestic marketing allotments are possible later in FY 2012 if needed to ensure an adequate sugar supply for the domestic market. Learn more.