[Federal Register: June 26, 2003 (Volume 68, Number 123)]
[Notices]
[Page 38001-38004]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26jn03-33]
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DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
Domestic Sugar Program--Revisions of 2002-Crop Sugar Marketing
Allotments and Allocations
AGENCY: Commodity Credit Corporation, USDA.
[[Page 38002]]
ACTION: Notice.
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SUMMARY: The Commodity Credit Corporation (CCC) increased the 2002-crop
overall allotment quantity (OAQ) of domestic sugar by 463,000 short
tons, raw value (STRV) to 8.663 million STRV on May 13, 2003. In
addition, CCC reassigned unused cane and beet sugar allocations between
respective processors on May 19, 2003.
ADDRESSES: Barbara Fecso, Dairy and Sweeteners Analysis Group, Economic
Policy and Analysis Staff, Farm Service Agency, USDA, 1400 Independence
Avenue, SW., STOP 0516, Washington, DC 20250-0516; telephone (202) 720-
4146; FAX (202) 690-1480; e-mail: barbara.fecso@usda.gov.
FOR FURTHER INFORMATION CONTACT: Barbara Fecso at (202) 720-4146.
SUPPLEMENTARY INFORMATION: Section 359c of the Agricultural Adjustment
Act of 1938 (7 U.S.C. 1359c), as amended, requires adjustments to
marketing allotments and allocations quarterly, as CCC determines
appropriate, to reflect changes in estimated sugar consumption, stocks,
production, or imports. The initial OAQ amount set in August 2002 for
the 2002 crop year was 7.7 million STRV. CCC adjusted that to 8.2
million STRV in January 2003. Because market prices for both refined
and raw sugar remained well above loan forfeiture levels, CCC again
increased the OAQ in May 2003 to make domestic sugar available to the
market. The cane sector was allotted 45.65 percent (3.955 million STRV)
of the OAQ, while beet received 54.35 percent (4.708 million STRV).
Section 359e(a) of the Farm Security and Rural Investment Act of
2002 requires a periodic review to determine (in view of current sugar
inventories, estimated sugar production, expected marketings and other
pertinent factors) whether (1) any sugarcane processor will be unable
to market the sugar covered by the portion of the State cane sugar
allotment allocated to the processor; and (2) any sugar beet processor
will be unable to market its allocation. Section 359e(b)(1)(B) further
provides for the reassignment of the estimated quantity of a State
deficit proportionately to the allotments for other cane sugar States
(depending on each State's capacity to market) when a State does not
have the capacity to fulfill its allotment among its own processors.
In April 2003, CCC surveyed sugarcane and sugar beet processors
asking for revisions to 2002-crop production and ending stocks
estimates for the purpose of calculating reassignments. CCC determined
that the cane sector could only fulfill 3.945 million STRV of its
allotment. The remaining unfulfilled portion of its allotment, 10,000
STRV, was reassigned to CCC for sale of inventory. However, CCC did not
reduce the cane sector allotment 10,000 STRV at that time due to
uncertainties in company production estimates provided in the survey.
Likewise, it was determined that the beet sector would only be able to
fulfill 4.534 million STRV of its new allotment. Thus, 77,641 STRV of
beet sugar were reassigned among beet processors. The unfilled balance,
174,000 STRV, was reassigned to CCC for the sale of its inventory.
The allotments/allocations were calculated differently for the cane
and beet sectors:
Cane Sector
[sbull] Allotments/allocations were changed to incorporate the
211,360 STRV increase in the cane sugar allotment and the updated 2002-
crop production/marketing estimates. (Column C of the attached table).
[sbull] Allocations were reduced for processors with surplus
allocations and reassigned to processors with surplus supply within the
same State. This occurred for Florida and Louisiana (Column D of the
attached table).
[sbull] The remaining excess Louisiana allocation that could not be
eliminated by reassignment within Louisiana plus excess allocations
from Hawaii and Puerto Rico were reassigned to cane processors in
Florida and Texas. These two states indicated in the survey that they
had a shortfall in allocation for the current crop year (Column E of
the attached table).
Beet Sector
[sbull] Allotments/allocations were changed to incorporate the
77,641 STRV increase in the beet sugar allotment (Column C of the
attached table).
[sbull] Allocations were reassigned from beet processors with
unused allocation, as indicated in the April 2003 survey for the
current year, to those indicating an allocation shortfall (Column E of
the attached table).
CCC will continue to closely monitor market performance and
critical program variables throughout the year to ensure that program
objectives are met, including maintaining market balance. Sugar
allotment/allocation reassignments will be reevaluated periodically as
production estimates improve.
These actions apply to all domestic cane and beet sugar marketed
for human consumption in the United States from October l, 2002,
through September 30, 2003. The revised 2002-crop sugar marketing
allotments and allocations (in short tons, raw value) are listed in the
following table:
Fiscal Year 2003 Sugar Marketing Allotments and Allocations (Revised May 2003)
[Short Raw Value--Tons]
----------------------------------------------------------------------------------------------------------------
C Change E Reassignments
B Last due to D Cane across all F New
allotment/ increase in reassignments processors by allotment/
allocation OAQ within states sector allocation
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Overall Beet/Cane Allotments:
Beet Sugar........................... 4,456,700 251,641 ................ 0 4,708,341
Cane Sugar (includes P. Rico)........ 3,743,300 211,360 ................ 0 3,954,660
--------------
Total OAQ........................ 8,200,000 463,000 ................ 0 8,663,000
Beet Reassignment to CCC............. ........... ........... ................ ................ 174,000
Cane Reassignment to CCC............. ........... ........... ................ ................ 10,000
Allotment Available to Beet.......... ........... ........... ................ ................ 4,534,341
Allotment Available to Cane.......... ........... ........... ................ ................ 3,954,660
Beet Processors' Marketing
Allocations:
Amalgamated Sugar Co................. 975,245 16,176 ................ -15,400 976,021
American Crystal Sugar Co............ 1,593,720 27,854 ................ 32,380 1,653,954
Holly Sugar Corp..................... 299,019 5,209 ................ -5,128 299,100
[[Page 38003]]
Michigan Sugar Co.................... 299,050 4,960 ................ 36,498 340,509
Minn-Dak Farmers Co-op............... 292,029 4,844 ................ 8,194 305,067
Monitor Sugar Co..................... 171,362 2,842 ................ 64 174,268
Pacific Northwest Sugar Co........... 22,314 2,090 ................ -24,023 381
So. Minn Beet Sugar Co-op............ 300,708 4,988 ................ -4,910 300,785
Western Sugar Co..................... 443,799 7,642 ................ -4,669 446,772
Wyoming Sugar Co..................... 59,454 1,036 ................ -23,007 37,483
--------------
Total Beet Sugar................. 4,456,700 77,641 ................ 0 4,534,341
State Cane Sugar Allotments:
Florida.............................. 1,945,380 112,245 ................ 46,712 2,104,337
Louisiana............................ 1,340,192 86,369 ................ -45,348 1,381,212
Texas................................ 161,625 12,746 ................ 3,956 178,326
Hawaii............................... 295,878 0 ................ -5,094 290,784
Puerto Rico.......................... 225 0 ................ -225 0
--------------
Total Cane Sugar................. 3,743,300 211,360 ................ 0 3,954,660
Cane Processors' Marketing
Allocations:
Florida
Atlantic Sugar Assoc............... 148,371 17,509 -2,104 0 163,777
Growers Co-op. of FL............... 347,976 27,387 1,924 11,802 389,088
Okeelanta Corp..................... 420,688 2,918 3,457 21,211 448,274
Osceola Farms Co................... 229,575 23,154 2,233 13,699 268,661
U.S. Sugar Corp.................... 798,769 41,277 -5,510 0 834,536
--------------
Total............................ 1,945,381 112,245 0 46,712 2,104,337
Louisiana
Alma Plantation.................... 72,635 4,304 318 0 77,257
Caire & Graugnard.................. 6,091 392 -113 -279 6,091
Cajun Sugar Co-op.................. 101,056 6,293 -135 -503 106,711
Cora-Texas Mfg. Co................. 119,297 7,733 -1,081 -4,043 121,906
Harry Laws & Co.................... 55,048 3,128 3,816 0 61,992
Iberia Sugar Co-op................. 64,543 4,155 -993 -3,162 64,543
Jeanerette Sugar Co................ 62,422 3,351 -453 -1,694 63,626
Lafourche Sugars Corp.............. 64,441 4,146 -869 -3,249 64,470
Louisiana Sugarcane Co-op.......... 81,006 5,178 -994 -3,718 81,471
Lula Westfield, LLC................ 147,826 9,516 -2,004 -7,497 147,840
M.A. Patout & Sons................. 183,290 10,280 8,603 0 202,174
Raceland Sugars.................... 82,516 6,897 -1,112 -4,161 84,140
St. Mary Sugar Co-op............... 88,669 5,562 -1,001 -3,745 89,485
So. Louisiana Sugars Co-op......... 118,366 7,620 -4,323 -13,298 108,366
Sterling Sugars.................... 92,986 7,814 340 0 101,140
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Total............................ 1,340,192 86,369 0 -45,348 1,381,212
Texas
Rio Grande Valley.................. 161,625 12,746 ................ 3,956 178,326
Hawaii
Gay & Robinson, Inc................ 64,298 979 ................ -979 64,298
Hawaiian Commercial & Sugar Company 231,580 -979 ................ -4,115 226,486
--------------
Total............................ 295,878 0 ................ -5,094 290,784
Puerto Rico
Agraso............................. 225 -26 ................ -199 0
Roig............................... 0 26 ................ -26 0
--------------
Total............................ 225 0 ................ -225 0
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[[Page 38004]]
Signed in Washington, DC on June 13, 2003.
James R. Little,
Executive Vice President, Commodity Credit Corporation.
[FR Doc. 03-16140 Filed 6-25-03; 8:45 am]
BILLING CODE 3410-05-P