The Department of Agriculture Tuesday requested an increase in sugar imports.
Consistent with the Commerce Department’s Agreement Suspending the Countervailing Duty Investigation on Sugar From Mexico, USDA notified the Department of Commerce of an additional need for sugar in the U.S. market.
Consequently, Commerce has increased the quantity of Mexican refined sugar permitted to be exported by 200,000 short tons raw value for the October 1, 2019 through September 30, 2020 period.
Commerce previously increased Mexico’s refined sugar export limit by 100,000 short tons, also at the request of USDA, in November 2019.
In the same way as the November request, Tuesday’s increase in Mexico’s refined sugar export limit will only change the mix between refined and other sugar.
USDA says 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.
