USDA Announces Initial FY 2012 Sugar Marketing Allocations

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USDA Announces Initial FY 2012 Sugar Marketing Allocations

08/18/2011 11:58 AM EDT

USDA Announces Initial FY 2012 Sugar Marketing Allocations

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced the initial fiscal year 2012 overall sugar marketing allotment (OAQ) of 9,456,250 short tons, raw value (STRV). The OAQ is equal to 85 percent of the estimated human consumption for the crop year of 11,125,000 STRV as forecasted in the July 2011 World Agricultural Supply and Demand Estimates report (WASDE). Statute requires that a fixed portion of the OAQ be assigned to the beet sector and the cane sector. CCC distributed the FY 2012 beet sugar allotment of 5,139,472 STRV (54.35 percent of the OAQ) among the sugar beet processors and the cane sugar allotment of 4,316,778 STRV (45.65 percent of the OAQ) among the sugarcane processors.

CCC determined that farm level proportionate shares were not necessary in Louisiana, the only state eligible for proportionate shares, in FY 2012 because the cane sugar sector was not expected to fill its allotment.

Additionally, CCC determined that the Feedstock Flexibility Program (FFP) will not be implemented in FY 2012 based on forecast limited sugar supplies and prices significantly above the support level. The prospect for forfeitures of sugar loan collateral under CCC price support loans in FY 2012, which triggers FFP, was determined to be unlikely.

The initial FY 2012 sugar marketing state allotments and processor allocations are listed in the table below.

FY 2012 OVERALL BEET/CANE ALLOTMENTS AND ALLOCATIONS
Distribution	Initial FY2011 Allocations
Beet Sugar	5,139,472
Cane Sugar	4,316,778
TOTAL OAQ	9,456,250
BEET PROCESSORS’ MARKETING ALLOCATIONS:
Amalgamated Sugar Co.	1,100,400
American Crystal Sugar Co.	1,889,666
Michigan Sugar Co.	530,782
Minn-Dak Farmers Co-op.	356,931
So. Minn Beet Sugar Co-op.	693,665
Western Sugar Co.	524,994
Wyoming Sugar Growers, LLC	43,034
TOTAL BEET SUGAR	5,139,472
STATE CANE SUGAR ALLOTMENTS:
Florida	2,148,906
Louisiana	1,662,420
Texas	186,808
Hawaii	318,644
TOTAL CANE SUGAR	4,316,778
CANE PROCESSORS’ MARKETING ALLOCATIONS:
Florida
Florida Crystals	884,761
Growers Co-op. of FL	386,557
U.S. Sugar Corp.	877,588
TOTAL	2,148,906
Louisiana
Louisiana Sugar Cane Products, Inc.	1,154,105
M.A. Patout & Sons	508,315
TOTAL	1,662,420
Texas
Rio Grande Valley	186,808
Hawaii
Gay & Robinson, Inc.	73,145
Hawaiian Commercial & Sugar Company	245,499
TOTAL	318,644

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