USDA proposes sugar-for-ethanol purchase
date:Apr 11, 2013
to ethanol producers at a loss to keep prices from going below mandated levels. As reported by Reuters, large crops in the United States and Mexico have pushed sugar futures prices below the trigger price for potential forfeiture by processors of sugar to the government.

Were doing it because its the law, Agriculture Secretary Tom Vilsack said during an April 8 meeting with agricultural journalists. This is an issue where we have a significant oversupply and we have some issues that need to be
2/3 next page prev page home page last page
go back |  refresh |  WAP home |  Web page version  | login
07/19 00:20