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NEWS RELEASE 01-048; APRIL 11, 2001 April 11, 2001
News Release 01-048

HIGH PRODUCTION AND IMPORT LEVELS CHALLENGE THE U.S. SUGAR INDUSTRY, REPORTS ITC

Combined, production and imports of sugar exceeded U.S. domestic consumption requirements by nearly 200,000 metric tons in 1999, reports the U.S. International Trade Commission in its publication Industry and Trade Summary: Sugar.

U.S. domestic sugar policy maintains a guaranteed price for producers under a loan rate program, thus encouraging a certain level of production, while U.S. trade policy requires a certain level of imports, according to the ITC. Thus, high levels of U.S. production plus imports required under international obligations resulted in low sugar prices.

The ITC, an independent, nonpartisan, factfinding federal agency, recently released the report as part of an ongoing series of reports on thousands of products imported into and exported from the United States. The report addresses market, industry, and trade conditions for sugar for the period 1995-99. Following are highlights from the report.

The foregoing information is from the ITC report Industry and Trade Summary: Sugar (USITC Publication 3405, March 2001).

ITC Industry and Trade Summary reports include information on product uses, U.S. and foreign producers, and customs treatment of the products being studied; they analyze the basic factors affecting trends in consumption, production, and trade of the commodities, as well as factors bearing on competitiveness of the U.S. industry in domestic and foreign markets.

This report will be available on the ITC Internet web site at www.usitc.gov. A printed copy may be ordered by calling (202) 205-1809, or by writing the Office of the Secretary, U.S. International Trade Commission, 500 E. Street SW, Washington, DC 20436. Requests may be faxed to 202-205-2104.

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