date:Aug 02, 2013
The U.S. Department of Agricultures Commodity Credit Corp. said July 31 it bought 15,504 tonnes of raw cane sugar in its second tender to buy domestic sugar to exchange for refined sugar re-export credits in an effort to reduce domestic sugar supplies.
The C.C.C. received offers on 47,627 tonnes of raw cane sugar in its July 26 tender seeking 43,046 tonnes in an invitation issued July 23. The cost to the C.C.C. for buying the sugar was near $6.9 million, which averted an expected $19.2 million