USDA to stop using sugar purchase program in early 2014

摘要

The federal government will not purchase excess sugar in the market to sell to bioenergy producers in early 2014, the Agriculture Department announced this week. The department is authorized to purchase sugar to sell to producers that convert it into fuel and power through the Feedstock Flexibility Program, a 2008 farm bill initiative. USDA on Tuesday said it has determined, based on crop and consumption forecasts, that the purchases will not be needed to boost the U.S. sugar industry in the immediate future. The department last announced in late November that it would purchase sugar, which was the fourth use of the program in 2013, but has not yet announced the results from that purchase.