USDA Issues Statement on US Sugar Market

March 10, 2020

4 Min Read
USDA Issues Statement on US Sugar Market
The USDA said the US market needs 200,000 short tons raw value (STRV) of refined sugar. Image courtesy of Pixabay

Consistent with the Commerce Department’s Agreement Suspending the Countervailing Duty Investigation on Sugar From Mexico (the Agreement), the U.S. Department of Agriculture (USDA) today notified the Department of Commerce (Commerce) of an additional need for sugar in the US market of 200,000 short tons raw value (STRV) of refined sugar. 

Consequently, Commerce has increased the quantity of Mexican refined sugar permitted to be exported by 200,000 STRV for the Oct. 1, 2019 through Sept. 30, 2020 period. Commerce previously increased Mexico’s refined sugar export limit by 100,000 STRV, also at the request of USDA, on Nov. 25, 2019. In the same way as the November request, today’s increase in Mexico’s refined sugar export limit will only change the mix between refined and other sugar.

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Current market conditions point to a sugar shortage. This action is a further step in ensuring an adequate supply of sugar to the U.S. market, given the terms of the U.S. sugar program and the Agreement Suspending the Countervailing Duty Investigation on Sugar from Mexico.

USDA will continue to monitor the market to assess whether supplies are adequate.

In November 2019, Powder & Bulk Solids reported that the Department of Commerce expanded the quantity of Mexican refined sugar that can be imported into the US by 100,000 short tons in response to a slowdown in US sugar production.

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