date:Mar 21, 2013
trial) sugar prices reported by Milling and Baking News have declined by 45% or more from a year earlier and are approaching loan forfeiture levels.
The opening of the U.S. sugar market to duty-free foreign sugar has already been in place since 2008, when Mexico gained duty-free access for its production, the A.S.A. testified.
The hearing, based on a Nov. 2, 2012, request from the U.S. Trade Representative, came in the midst of major public attention to the U.S. sugar program following a March