The Sugar Regulatory Administration (SRA) wants to reclassify 16,910 metric tons (MT) of sugar for export to stabilize prices and secure domestic supply. Know more:
The Sugar Regulatory Administration wants to reclassify 16,910 metric tons of sugar for export to stabilize prices and secure domestic supply.
Under the draft of the said sugar order, there is an imperative to ensure the stable supply of sugar in the domestic market with the increase in the demand for the sweetener. Also, the records of SRA indicate that significant volumes of “A” or US export market sugar and “D” or world market sugar have remained unshipped and could be utilized to alleviate the perceived tightness in domestic sugar balance.
The draft order also said the SRA received requests for conversion or reclassification of verified unshipped “A” and “D” sugars quedans to “B” sugar quedans considering that the reclassification of “A” and “D” sugar quedans was authorized in crop year 2014-2015 and crop year 2013-2014, respectively.