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Source: USDA, 8/18/11
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.
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FY 2012 OVERALL BEET/CANE ALLOTMENTS AND ALLOCATIONS
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Distribution
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Initial FY2011 Allocations
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Beet Sugar
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5,139,472
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Cane Sugar
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4,316,778
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TOTAL OAQ
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9,456,250
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BEET PROCESSORS’ MARKETING ALLOCATIONS:
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Amalgamated Sugar Co.
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1,100,400
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American Crystal Sugar Co.
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1,889,666
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Michigan Sugar Co.
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530,782
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Minn-Dak Farmers Co-op.
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356,931
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So. Minn Beet Sugar Co-op.
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693,665
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Western Sugar Co.
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524,994
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Wyoming Sugar Growers, LLC
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43,034
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TOTAL BEET SUGAR
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5,139,472
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STATE CANE SUGAR ALLOTMENTS:
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Florida
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2,148,906
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Louisiana
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1,662,420
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Texas
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186,808
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Hawaii
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318,644
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TOTAL CANE SUGAR
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4,316,778
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CANE PROCESSORS’ MARKETING ALLOCATIONS:
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Florida
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Florida Crystals
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884,761
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Growers Co-op. of FL
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386,557
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U.S. Sugar Corp.
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877,588
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TOTAL
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2,148,906
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Louisiana
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Louisiana Sugar Cane Products, Inc.
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1,154,105
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M.A. Patout & Sons
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508,315
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TOTAL
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1,662,420
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Texas
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Rio Grande Valley
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186,808
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Hawaii
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Gay & Robinson, Inc.
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73,145
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Hawaiian Commercial & Sugar Company
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245,499
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TOTAL
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318,644
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