Source: USDA, 12/13/13

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced the results of the Dec. 3 invitation to sell the remainder of its recently acquired sugar inventory for non-food uses. CCC successfully sold its entire remaining inventory, 79,750 short tons, for $8.2 million.

This and all of the Farm Service Agency's actions to address the 2012 sugar crop-year surplus, can be found on the Farm Service Agency (FSA) Commodity Operations website at www.fsa.usda.gov/FSA/webapp?area=home&subject=coop&topic=pas-sa

CCC acquired 296,500 short tons of sugar on Oct. 1, 2013, in lieu of cash repayments on its remaining 2012 crop year sugar loans. These sugar loan forfeitures were the result of record domestic sugar production, record Mexican sugar imports, and world prices falling below U.S. price support levels for the first time in several years.

For information about FSA programs, visit your county USDA Service Center or go to www.fsa.usda.gov.