CCC to Trade for Refined Sugar Reexport Credits; Extends Reexport Deadline

In response to record domestic sugar production and low prices, the Commodity Credit Corporation announced it will buy sugar to offer in exchange for Refined Sugar Re-export Program credits. The action will reduce the costs associated with acquiring sugar that has been forfeited because of producers’ inability to repay Sugar Program loans, CCC said. The agency is also extending from 90 to 270 days the period in which licensed refiners must export or transfer sugar under the Refined Sugar Re-export Program.