Imperial Sugar Urges U.S. to Double Import Quota as Prices Rise

Imperial Sugar Co., the second-largest U.S. processor, said the Department of Agriculture should almost double its import quota to ease a shortage and cap escalating raw-material costs, reports Yi Tian and Debarati Roy for Bloomberg.

The U.S. needs to be “more aggressive” in taking steps to increase raw-sugar shipments by 1 million metric tons “from now through the summer,” Imperial Sugar Chief Executive Officer John C. Sheptor said.

Read full article at Bloomberg.com