The Sugar Regulatory Administration (SRA) has allowed the advance swapping of unshipped “A” sugar or US quota sugar into “D” sugar or world market sugar to address the slow down in the export of the sweetener to Washington.
In Sugar Order 9, SRA Administrator Ma. Regina Bautista-Martin said that the United States market is currently saturated brought by surplus from Mexico, which resulted in a significant carry-over volume of US quota sugar in local warehouses.
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