date:Jul 16, 2013
the U.S. market per ton of sugar exchanged.
The exchange is expected to remove around 300,000 tons of sugar from the U.S. market and cost approximately $38 million, subject to sequester, which is one-third the expected cost of forfeiting sugar loans to USDA.
To facilitate the use of the sugar credits, USDA will now allow licensed refiners up to 270 days rather than 90 days to make required exports or sugar transfers under the Refined Sugar Re-export Program.