Notices. Notice
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/register/2003/02/14/03-3633A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 3510-22-S 68 31 Friday, February 14, 2003 Notices DEPARTMENT OF AGRICULTURE Commodity Credit Corporation Domestic Sugar Program—Increase of 2002-Crop Overall Allotment Quantity AGENCY: Commodity Credit Corporation, USDA. ACTION: Notice. SUMMARY: Commodity Credit Corporation
(CCC)has increased the 2002-crop overall allotment quantity
(OAQ)of domestic sugar by 500,000 short tons, raw value (STRV). The beet sugar sector allotment increased to 4.457 million STRV, and the cane sugar sector increased to 3.743 million STRV, for a total OAQ of 8.200 million STRV. CCC has also revised the State cane allotments and processor allocations of the beet and cane sugar marketing allotments to be consistent with the increased OAQ and updated cane State and cane processor 2002-crop production forecasts. CCC is also suspending the proportionate share requirement on Louisiana sugarcane producers for the 2002 crop. 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 1403 of the Farm Security and Rural Investment Act of 2002 (Pub. L. 107-171) amended section 359c of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359c) to authorize the Secretary to adjust marketing allotments and allocations quarterly to reflect changes in estimated sugar consumption, stocks, production, or imports. When USDA announced a 7.700 million ton OAQ in August 2002, it noted the existence of considerable sugar market uncertainties and that the OAQ could be adjusted if warranted. After closely monitoring the market, and because market prices for both refined and raw sugar have been well above loan forfeiture levels, CCC increased the OAQ, thereby increasing the supply of sugar available to the domestic market. At this time, CCC does not expect the beet sector to fully use its allotment and will reassign the estimated unused allotment (deficit), 182,000 tons, to the CCC inventory to be sold. The estimated unused allotment is calculated as the beet sector's FY 2003 allotment, 4.457 million tons, less beet processors' estimated available supply, 4.275 million tons (0.360 million tons beginning stocks plus 4.215 million tons production, less an assumed 0.300 million tons in estimated minimum ending stocks). While the beet sector ending inventory averaged 560,000 tons over the past decade, reaching a low of 360,000 tons at the end of FY 2002, the level to which the beet sector reduces its FY 2003 ending stocks is uncertain. Due to production and marketing unknowns, CCC estimates that an ending stocks level of 300,000 tons may be attainable. CCC will conduct a thorough survey of beet and cane sugar production and stocks-to-use prior to May 1, 2003, and make allocation reassignments, as necessary. At that time, CCC may reduce the amount reassigned to CCC for inventory sales if survey results indicate CCC misjudged the beet sector's ability to supply the market. This can occur even if CCC has sold the reassigned sugar because CCC's ability to sell sugar is not limited to availability of reassigned sugar marketing allotments. Pursuant to section 359f of the Agricultural Adjustment Act of 1938, as amended, (7 U.S.C. 1359ff), CCC announced the suspension of the proportionate share requirement on Louisiana sugarcane producers for the 2002 crop after it determined that the amount of sugar estimated to be produced from the 2002-crop sugarcane in Louisiana (1.340 million tons, raw value) will not be sufficient to enable Louisiana sugar cane processors to meet the state's cane sugar allotment (1.331 million tons, raw value) and provide for a normal carryover. USDA will continue to closely monitor market performance and critical program variables throughout the year to ensure meeting program objectives and maintaining market balance. Further OAQ adjustments and alteration of the sugar Tariff Rate Quota
(TRQ)import quantity will be considered as market conditions warrant. These actions apply to all domestic sugar marketed for human consumption in the United States from October 1, 2002, through September 30, 2003. The 2002-crop sugar marketing allotments and allocations (in short tons, raw value) are listed in the following table: 2002-Crop Sugar Marketing Allotments and Allocations [Revised January 2003] Previous allotment/allocation Change 1 Revised allotment/allocation Overall Beet/Cane Allotments Beet Sugar 4,184,950 271,750 4,456,700 Cane Sugar (includes Puerto Rico) 3,515,050 228,250 3,743,300 Total (Overall Allotment Quantity) 7,700,000 500,000 8,200,000 State Cane Sugar Allotments Florida 1,715,471 214,045 1,929,516 Louisiana 1,329,764 1,148 1,330,912 Texas 144,815 13,057 157,872 Hawaii 318,829 0 318,829 Puerto Rico 6,171 0 6,171 Total Cane Sugar 3,515,050 228,250 3,743,300 Beet Processors' Marketing Allocations Amalgamated Sugar Co 918,627 56,618 975,245 American Crystal Sugar Co 1,496,229 97,491 1,593,720 Holly Sugar Corp 280,786 18,233 299,019 Michigan Sugar Co 281,689 17,361 299,050 Minn-Dak Farmers Co-op 275,076 16,953 292,029 Monitor Sugar Co 161,414 9,948 171,362 Pacific Northwest Sugar Co 15,000 7,314 22,314 So. Minn. Beet Sugar Co-op 283,250 17,458 300,708 Western Sugar Co 417,051 26,748 443,799 Wyoming Sugar Co 55,828 3,626 59,454 Total Beet Sugar 4,184,950 271,750 4,456,700 Cane Processors' Marketing Allocations Florida 1,715,471 214,045 1,929,516 Atlantic Sugar Assoc 146,856 −1,987 144,869 Growers Co-op. of Florida 311,681 39,165 350,846 Okeelanta Corp 322,318 66,984 389,302 Osceola Farms Co 194,060 33,255 227,315 Talisman Sugar Corp 54,066 5,594 59,660 U.S. Sugar Corp 686,490 71,034 757,524 Louisiana 1,329,764 1,148 1,330,912 Alma Plantation 74,299 3,519 77,818 Caire & Graugnard 5,344 253 5,597 Cajun Sugar Co-op 92,119 5,526 97,645 Cora-Texas Mfg. Co 117,083 −553 116,530 Evan Hall Factory 2,670 127 2,797 Harry Laws & Co 56,709 1,472 58,181 Iberia Sugar Co-op 65,460 −2,662 62,798 Jeanerette Sugar Co 60,904 2,401 63,305 Lafourche Sugars Corp 69,216 3,278 72,494 Louisiana Sugarcane Co-op 83,052 −271 82,781 Lula Westfield, LLC 148,265 −5,120 143,145 M.A. Patout & Sons 174,963 −1,026 173,937 Raceland Sugars 81,195 −3,113 78,082 St. Mary Sugar Co-op 88,675 4,200 92,875 So. Louisiana Sugars Co-op 119,930 −4,832 115,098 Sterling Sugars 89,881 −2,051 87,830 Texas 144,815 13,057 157,872 Hawaii 318,829 0 318,829 Gay & Robinson, Inc 62,163 0 62,163 Hawaiian Commercial 256,666 0 256,666 Puerto Rico 6,171 0 6,171 Agraso 3,984 0 3,984 Roig 2,187 0 2,187 1 Includes changes due to the 500,000-ton increase in the overall allotment quantity and, for cane states and sugarcane processors, changes due to updated 2002-crop production forecasts. Signed in Washington, DC on January 31, 2003. James R. Little, Executive Vice President, Commodity Credit Corporation. [FR Doc. 03-3633 Filed 2-13-03; 8:45 am]
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- Pub. L. 107-171
- 7 USC 1359c
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