Feedstock Flexibility Program won’t be activated during Q1

In Washington, the U.S. Department of Agriculture Commodity Credit Corporation announced today that it does not expect to purchase sugar under the Feedstock Flexibility Program in the first quarter of 2016. The Commodity Credit Corporation is required to announce quarterly estimates of sugar to be purchased for the Feedstock Flexibility Program based on crop and consumption forecasts.

USDA closely monitors domestic sugar stocks, consumption, imports and other sugar market variables on an ongoing basis, and will continue to administer the sugar program as transparently as possible using the latest available data. The next quarterly estimate regarding the Feedstock Flexibility Program will occur prior to April 1, 2016.