USDA Floats Rule To Sell Excess Sugar For Bioenergy

Law360, New York (July 26, 2013, 5:11 PM EDT) -- The long-term surplus sugar problem plaguing the domestic market may have a new solution if a U.S. Department of Agriculture final rule announced Friday to sell excess sugar to bioenergy producers is implemented.

The USDA announced its final Feedstock Flexibility Program rule to allow sugar processors to sell excess sugar to biofuel makers in order to prevent them from defaulting on loans from the Commodity Credit Corp., the USDA’s financing arm. The final rule will be published in the Federal Register on Monday, according to a statement...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.