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Imperial Valley Press
El Centro, Imperial County, California
What is this article about?
US Agriculture Department officials assure no sugar shortage or significant price hikes, with raised quotas for 7.6 million tons this year and a 3.5 cents/lb ceiling on raw sugar, keeping refined at about 5.8 cents/lb.
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WASHINGTON. Aug. 13 (UP) -
American housewives need have no fear of sugar shortage or prices much higher than at present, agriculture department official said today.
Quotas for domestic sugar producers and importers have been raised to assure consumers 7,627,456 tons of sugar this year, more than 1,000,000 tons above consumption last year.
Officials said the action of the office of price administration and civilian supply in setting a ceiling of 3.5 cents a pound on raw sugar probably will mean that consumer prices will not go about 5.8 cents a pound for refined sugar.
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Where did it happen?
Domestic News Details
Primary Location
Washington
Event Date
Aug. 13
Outcome
assured supply of 7,627,456 tons of sugar, more than 1,000,000 tons above last year's consumption; price ceiling of 3.5 cents per pound on raw sugar, consumer prices not exceeding about 5.8 cents per pound for refined sugar.
Event Details
Agriculture department officials state no fear of sugar shortage or much higher prices; quotas raised for domestic producers and importers to ensure supply; Office of Price Administration and Civilian Supply sets ceiling on raw sugar prices.