Business · 26/05/2006

US Department of Agriculture Adjusts Sugar Marketing Allotments for 2005-Crop Year

The US Department of Agriculture (USDA) has made several adjustments to the overall allotment quantity (OAQ) for the 2005-crop year, which runs from October 1, 2005, to September 30, 2006. The USDA has increased the OAQ from 8.600 million short tons raw value (STRV) to 9.350 million STRV, and reassigned a total of 1.26 million STRV of expected cane supply shortfall to imports.