date:Jul 29, 2013
ar surplus.
Because of excess sugar supplies, strong imports of sugar from Mexico, domestic prices at multi-year lows and prices near or below loan forfeiture levels, many in the trade anticipate loan forfeitures this year, the first of which may occur as early as Aug. 1. Some see the F.F.P. as an option of last resort for the U.S.D.A. because it is considered more costly to operate than other programs. At the same time, the F.F.P. permanently removes sugar from the market rather than shuffling