Louisiana Sugar Refining Gets USDA Re-Export License
Louisiana Sugar Refining said it received a re-export license from the U.S. Department of Agriculture, giving LSR access to the world sugar market. The USDA Refined Sugar Re-Export Program establishes a license under which a refiner can: Export domestically produced…
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refined sugar and later import an equivalent quantity of world raw sugar; Import world raw sugar for refining and within 90 days of entry, either re-export an equivalent quantity of refined sugar into the Customs territory of a foreign country or transfer the equivalent quantity of refined sugar to domestic sugar containing products manufacturers that possess a valid sugar containing products re-export license. Details are (here). LSR sugar is marketed by Cargill.