USDA announced a series of actions relative to the U.S. sugar supply that will increase the tariff-rate quota (TRQ) for sugar imports in Fiscal Year (FY) 2020 by 550,000 short tons, raw value (STRV), including 350,000 tons of far sugar and 200,000 tons of refined sugar.
The actions on the domestic front would transfer allocations from beet sugar processors with surplus allocation to those with deficit allocation. USDA is also reassigning 750,000 STRV in raw cane sugar imports already anticipated and said that the domestic cane sugar supplies are “inadequate to fill the FY 2020 cane sugar marketing allocations.”
However, USDA emphasized “These FY 2020 sugar program actions will not prevent any domestic sugarcane or beet sugar processor from marketing all of its FY 2020 sugar supply.”
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