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NEWS UNITED STATES DEPARTMENT OF AGRICULTURE Office of Communications News Room 460-A Washington, DC 20250-1300 Internet: News @usda.gov Phone: 202-720-4623 World Wide Web Home Page: http://www.usda.gov
Release No. 0162.08
Latawnya Dia (202) 720-7962 Keith Williams (202) 720-4623
WASHINGTON, June 23, 2008 - The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced the reassignment of projected unused cane sugar allocations among sugarcane processors, cane states and imports. Also announced is the transfer of allocation due to a mill closure in Louisiana. There are no allocation changes for the beet sector.
CCC announced the overall allotment quantity (OAQ) and allocations on Sept. 27, 2007. At the midpoint of the marketing year, CCC reviewed the use of the allocations and today's announcement is the result of that review.
CCC is required by June 1 to make a determination of the need for cane reassignments. This occurs after CCC evaluates current inventories, estimated production, expected marketings and other factors affecting a sugarcane processor's ability to market its full allocation.
Based on estimates published in the May 2008 World Agricultural Supply and Demand Estimates report (WASDE) and other data available, CCC increased the allotment for Louisiana to 95,006 short tons, raw value (STRV) and reduced cane allotments for Florida, Texas and Hawaii by 172,141; 35,600 and 48,157 STRV, respectively.
The latest cane production forecasts indicate allocation imbalances among processors within Louisiana and within the cane sector as a whole. As required by law, CCC first reassigned allocation within Louisiana from processors projected to have excess allocation to processors projected to have deficit allocation. Because Louisiana was still short on allocation after this redistribution step, CCC reassigned portions of the surplus allocation of Florida, Texas and Hawaii processors to Louisiana to enable Louisiana processors to market their projected fiscal year supplies. All domestic sugarcane processors were given an allocation that permits them to market their FY 2008 raw sugar supply. Since there is no CCC inventory at this time, the remaining expected unused allocation, 160,892 STRV, was reassigned to imports as required by law. This action does not represent an increase in import access to the U.S., but merely an assignment to Mexican imports that are already reflected in the WASDE.
This release also reflects that CCC transferred the allocation of South Louisiana Sugars Cooperative, Inc., which closed last year, to Alma Plantation, LTD; Cora-Texas Mfg. Co.; Lafourche Sugars Corp.; Lula Westfield, LLC; and Raceland Raw Sugar Corp.
The revised 2007 crop year cane sugar state marketing allotments and processor allocations are listed in the following table:
| Distribution | FY 2008 Allotments / Allocations as of 9/27/07 | Net Changes Due to 6/08 Reassignments | Adjusted FY 2008 Allotments / Allocations |
|---|
Beet Sugar | 4,592,575 | 0 | 4,592,575 |
|---|
Cane Sugar | 3,787,425 | -160,892 | 3,626,533 |
|---|
Reassignment to Imports | 70,000 | 160,892 | 230,892 |
|---|
TOTAL OAQ | 8,450,000 | 0 | 8,450,000 |
|---|
BEET PROCESSORS' MARKETING ALLOCATIONS: | | | |
|---|
Amalgamated Sugar Co. | 956,839 | 0 | 956,839 |
|---|
American Crystal Sugar Co. | 1,766,076 | 0 | 1,766,076 |
|---|
Michigan Sugar Co. | 461,535 | 0 | 461,535 |
|---|
Minn-Dak Farmers Co-op. | 286,518 | 0 | 286,518 |
|---|
So. Minn Beet Sugar Co-op. | 603,168 | 0 | 603,168 |
|---|
Western Sugar Co. | 457,172 | 0 | 457,172 |
|---|
Wyoming Sugar Co. | 61,266 | 0 | 61,266 |
|---|
TOTAL BEET SUGAR | 4,592,575 | 0 | 4,592,575 |
|---|
STATE CANE SUGAR ALLOTMENTS: | | | |
|---|
Florida | 1,820,603 | -172,141 | 1,648,462 |
|---|
Louisiana | 1,473,577 | 95,006 | 1,568,582 |
|---|
Texas | 198,100 | -35,600 | 162,500 |
|---|
Hawaii | 295,145 | -48,157 | 246,988 |
|---|
TOTAL CANE SUGAR | 3,787,425 | -160,892 | 3,626,533 |
|---|
CANE PROCESSORS' MARKETING ALLOCATIONS: | | | |
|---|
Florida | | | |
|---|
Florida Crystals | 737,436 | -39,884 | 697,552 |
|---|
Growers Co-op. of FL | 330,043 | -29,877 | 300,166 |
|---|
U.S. Sugar Corp. | 753,124 | -102,380 | 650,744 |
|---|
TOTAL | 1,820,603 | -172,141 | 1,648,462 |
|---|
Louisiana | | | |
|---|
Alma Plantation | 137,280 | 21,730 | 159,010 |
|---|
Cajun Sugar Co-op. | 122,500 | -370 | 122,130 |
|---|
Cora-Texas Mfg. Co. | 189,881 | 4,984 | 194,865 |
|---|
Lafourche Sugars Corp. | 109,717 | 3,450 | 113,167 |
|---|
Louisiana Sugarcane Co-op. | 99,124 | 18,347 | 117,472 |
|---|
Lula Westfield, LLC | 231,608 | 1,883 | 233,491 |
|---|
M.A. Patout & Sons | 446,966 | 34,824 | 481,790 |
|---|
St. Mary Sugar Co-op. | 136,500 | 10,157 | 146,657 |
|---|
So. Louisiana Sugars Co-op. | 0 | 0 | 0 |
|---|
TOTAL | 1,473,577 | 95,006 | 1,568,582 |
|---|
Texas | | | |
|---|
Rio Grande Valley | 198,100 | -35,600 | 162,500 |
|---|
Hawaii | | | |
|---|
Gay & Robinson, Inc. | 71,428 | -7,219 | 64,209 |
|---|
Hawaiian Commercial & Sugar Company | 223,718 | -40,938 | 182,780 |
|---|
TOTAL | 295,145 | -48,157 | 246,988 |
|---|
*The sums of individual entries may not match totals due to rounding.
For more information, contact Barbara Fecso at 202-720-4146, Barbara.Fecso@wdc.usda.gov.
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NOTE: Farm Service Agency (FSA) news releases are available on the Web at: http://www.fsa.usda.gov.
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