U.S. May Allow More Sugar Imports on Tight Supply, Imperial Says
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Imperial Sugar Co., a U.S. processor, said the government may increase its quota for imports of the sweetener this month amid “tight” supplies.
The Department of Agriculture may allow more sugar from overseas under a low-tariff quota by as much as 300,000 metric tons, or 25 percent, in early April, said Patrick Henneberry, a senior vice president at Sugar Land, Texas-based Imperial. The USDA may boost the limit by another 150,000 tons later this year, he said.