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USDA announces final fiscal year 2012 beet sugar marketing allotments
Story Date: 9/26/2012
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Source: USDA, 9/24/12
The U. S. Department of Agriculture (USDA) today announced the final beet sugar marketing allotments for Fiscal Year (FY) 2012. The Department is reassigning FY 2012 surplus beet sugar allotment from beet processors with surplus allocation to a beet processor in deficit. No other adjustments are necessary.
In June, USDA increased the Overall Allotment Quantity (OAQ) in response to an increase in the forecast of domestic human consumption and in turn reassigned the increase to imports already anticipated to enter the U.S. market. While the beet and cane sector in aggregate has adequate allotments to market this year’s sugar supply, high production yields in the Red River Valley necessitate an increase in allocation to one beet processor. No reassignments are necessary in the cane sector.
The final FY 2012 sugar marketing beet 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 |
FY12 Allocations as of 6/12/12 |
Reassignments |
Final FY12 Allocations |
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(short tons, raw value) |
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Beet Sugar |
5,167,190 |
0 |
5,167,190 |
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Cane Sugar |
3,920,060 |
0 |
3,920,060 |
|
Reassignment to Imports |
517,750 |
0 |
517,750 |
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TOTAL OAQ |
9,605,000 |
0 |
9,605,000 |
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BEET PROCESSORS' MARKETING ALLOCATIONS: |
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Amalgamated Sugar Co. |
1,125,852 |
0 |
1,125,852 |
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American Crystal Sugar Co. |
1,803,354 |
0 |
1,803,354 |
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Michigan Sugar Co. |
682,656 |
-15,342 |
667,314 |
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Minn-Dak Farmers Co-op. |
343,119 |
20,000 |
363,119 |
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So. Minn Beet Sugar Co-op. |
564,885 |
-4,658 |
560,227 |
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Western Sugar Co. |
604,965 |
0 |
604,965 |
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Wyoming Sugar Growers, LLC |
42,360 |
0 |
42,360 |
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TOTAL BEET SUGAR |
5,167,190 |
0 |
5,167,190 |
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