date:Sep 23, 2013
The U.S. Department of Agriculture said Sept. 19 it had exchanged 51,448 tonnes (56,712 tons) of sugar obtained through sugar loan forfeitures at the end of August for about 139,882 tonnes (154,193 tons) of refined sugar re-export credits for an exchange ratio of about 2.72.
Of the sugar exchanged, 37,840 tonnes was raw cane sugar in Louisiana and the remaining 13,608 tonnes was refined beet sugar in North Dakota. It was the U.S.D.A.s third tender to exchange sugar for refined re-export credits