Contact: Susan Smith
April 26, 2010
NCA President Larry Graham issued the following statement in response to the U.S. Department of Agriculture's April 23rd announcement that the sugar tariff rate quota will be increased by 200,000 tons:"NCA appreciates the U.S. Department of Agriculture for recognizing the need for additional sugar supplies, but we believe a larger increase is appropriate. We encourage the Department to immediately begin laying the ground work for a further increase in the near future. Sugar prices hit a 29 year high earlier this year. Before the Department took this step, market analysts estimated that one million additional tons were necessary to get imports to roughly the same level as last year. Without these additional imports candy companies will continue to struggle with high prices and the worry that they may have to stop production if there are disruptions in the sugar supply."