ASA Statement on Loan Forfeitures

The American Sugar Alliance issued the following statement about today’s announcement that sugar was forfeited to the U.S. Department of Agriculture due to depressed sugar prices.

“A wave of unneeded, subsidized Mexican sugar has sent U.S. prices plummeting since 2010, and as a result, some sugar producers will be unable to repay government-backed operating loans with interest. It is unfortunate for America’s farmers and taxpayers that the United States has become a dumping ground for subsidized Mexican sugar, much of which is produced and owned by the Mexican government.