US trade commission approves contentious US-Mexico sugar trade pact [Registered]

The commissioners voted 6-0 in favour of the agreement. ITC effectively rejected challenges from two US refiners, Louis Dreyfus Commodities’ Imperial Sugar Co and AmCane Sugar LLC, that they would be harmed by the agreed-upon restrictions. The domestic refiners pointed out that the deal will restrict raw-sugar supplies, and the price floors may reduce their margins.… Login to continue