The 2012-13 O.A.Q. level compares with 9,456,250 tons as the initial O.A.Q. for the 2011-12 marketing year.
The C.C.C. also said the Feedstock Flexibility Program, designed to use excess domestic supply, would not be implemented in 2012-13 based on forecast sugar supplies and prices significantly above the support level, because forfeitures under the sugar loan program were “unlikely at this time.”
The U.S.D.A. said it closely would monitor sugar stocks, consumption, imports and all sugar market and program variables on an ongoing basis and make any adjustments as needed later in the 2012-13 marketing year to ensure an adequate supply of sugar for the domestic market, avoid forfeitures and prevent or correct market disruptions.
