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USDA Announces New Sugar Program Provisions

Jul 31, 2006

USDA Announces New Sugar Program Provisions

Late last week, the U.S. Department of Agriculture (USDA) announced new sugar program provisions for the remainder of this fiscal year (FY) and FY 2007 that will increase the supply of refined sugar in the U.S. market. USDA also announced that the United States and Mexico have concluded an agreement on the transition to 2008, the date when the provisions of the North American Free Trade Agreement are expected to be fully implemented, and tariffs on sugar imports from Mexico are anticipated to be eliminated. "We are happy the U.S. and Mexico have finally reached a deal that hopefully will lead to complete open trade for sugar between our two countries," said Clay Hough, IDFA senior vice president and general counsel. To read the USDA press release, click here.

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Posted July 31, 2006

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