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USDA Boosts Sugar Import Quota
WASHINGTON - Mar 23/07 - SNS -- The USDA increased in the fiscal year 2007 specialty sugar tariff-rate quota (TRQ) of 20,000 short tons raw value (STRV) to 60,406 STRV.
"The increase is needed to accommodate a rapidly expanding market for organic sugar," explained the USDA in a press statement.
With the increase in the specialty sugar TRQ, the overall fiscal year 2007 refined sugar TRQ, previously established at a level of 62,832 STRV, is now at 82,832 STRV. Of the total increase announced today, 16,000 STRV will be eligible for entry beginning May 1, 2007. The remaining 4,000 STRV will be added to the previously announced tranche, which opens July 5, 2007, bringing the total of that tranche to 16,861 STRV.
This additional access will be reserved for organic sugar and other specialty sugars not currently commercially produced in the United States or reasonably available from domestic sources.
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