🍬USDA Revises Sugar Marketing Allocations for FY 2025
Domestic Sugar Program-FY 2025 Reassignment of the Overall Sugar Marketing Allotment, Cane Sugar and Beet Sugar Marketing Allotments and Company Allocations and No Actions Under the Feedstock Flexibility Program
Summary
The United States Department of Agriculture (USDA) is issuing this notice to: revise fiscal year (FY) 2025 (crop year 2024) beet sugar allocations to sugar beet processors; state cane sugar allotments and allocations to sugarcane processors; and to reassign FY 2025 cane sugar marketing allocations to raw cane sugar imports already anticipated. These actions apply to all domestic beet and cane sugar marketed in the United States from October 1, 2024, through September 30, 2025. USDA's Commodity Credit Corporation (CCC) also announced today that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2024, which runs from Oct. 1, 2024, to Sept. 30, 2025.
Agencies
- Agriculture Department
- Commodity Credit Corporation
Business Impact
$$ - Med
The USDA's reassignment of sugar marketing allotments and allocations will directly affect sugar beet and cane processors, influencing their market operations and financial planning. The anticipated lack of sugar purchases under the Feedstock Flexibility Program also implies operating conditions for these businesses in FY 2025 will be more constrained.