USDA Temporarily Waives Sugar Re-Export Restrictions
The Department of Agriculture is waiving some Refined Sugar Re-Export Program restrictions, effective May 1. USDA said the “waivers will facilitate a re-balancing of re-export program license amounts and provide greater flexibility to offset exports and transfers with raw sugar imports.”
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Transfers allowed between licenses. USDA said it is temporarily allowing licensed refiners to transfer program sugar from their license to another licensed refiner’s license. This waiver is effective May 1, and expires Sept. 30.
Increased license limits. USDA is also temporarily increasing the license limit for raw cane sugar refiners from 50,000 metric tons raw value of credits to 100,000 metric tons raw value of credits. This waiver will expire on Dec. 31, 2014, USDA said. Beginning on Jan. 1, 2015, the credit limit will again be 50,000 metric tons raw value, it said. USDA is making no change to the 50,000 metric ton raw value limit for debits.
(Federal Register 05/01/13)