Source: USDA, 3/28/14

The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced that it does not plan to invoke the use of the Feedstock Flexibility Program (FFP) at this time. CCC is required to quarterly re-estimate and publish the quantity of sugar that will be made available for purchase and sale under the FFP in a given crop year. The fiscal year 2014 ending sugar stocks-to-use ratio was projected at 13.6 percent in the March 10, 2014, World Agricultural Supply and Demand Estimates report. Prices for both U.S. raw and U.S. refined sugar are currently trading above support levels. CCC has therefore determined it will take no action at this time.

USDA will closely monitor stocks, consumption, imports, and all sugar market and program variables on an ongoing basis. USDA will continue to administer the sugar program as transparently as possible using the latest available data.