Washington — NCA has released the following statement in response to the decision by the Office of the U.S. Trade Representative to reallocate unused country-specific quota allocations under the tariff-rate quotas (TRQs) on imported raw cane sugar for fiscal year 2023. NCA recently wrote a letter to Biden Administration officials to encourage them to take action to address high prices and low supplies of sugar for food and beverage manufacturing in the U.S.
The statement is as follows: “While there is still work to be done to fully correct current market conditions, this step towards easing the historically tight sugar supply offers an opportunity for a positive outcome for the confectionery industry. We are grateful to the USTR, as well as their partners at USDA, for their timely action to help navigate these challenging supply chain conditions and ensure that confectionery manufacturers can continue to employ the thousands of American workers who make America’s favorite treats.”
