date:Mar 21, 2013
8-09 marketing year, and ending stocks in both markets are projected to be much higher than normal. This is creating the threat of sugar loan forfeitures later this summer that would result in the first budget costs for the sugar program in over a decade, probably more than $100 million in connection with triggering the so-called Feedstock Flexibility Program, which involves U.S.D.A. buying surplus sugar and selling it for pennies a pound to ethanol producers.
Mr. Earley added, Food and beverag