NEWS
USDA Sells Sugar to Ethanol Makers
Fri Nov 22, 2013 03:23 PM CST

(Dow Jones) -- The U.S. Department of Agriculture said Friday that it sold sugar to domestic ethanol makers at an almost 90% discount.

The sale was the third this year under a government program outlined in the 2008 farm bill that aims to boost prices for the sweetener.

The program requires the agency to buy sugar and sell it to domestic biofuel producers if it believes sugar processors might default on their government operating loans. When processors default, they forfeit sweetener that was put up as collateral. The most recent sale took nearly three-quarters of the sugar in ...

Quick View
Related News Stories
USDA Weekly Crop Progress
USDA Reports Flash
USDA Reports Summary
USDA Weekly Crop Progress
USDA Reports Preview
USDA Forecasts Big Shift to Soybeans
USDA Reports Summary
USDA Reports Preview
Borlaug Statue Tops Ag Day
Export Sales Bullish Corn, Soy