If crude oil remains high, sugar prices will not be far behind.

In the early years, oil revenues will be insufficient.

Something will happen at the June 21 meeting. If oil prices continue to stay in the $29 to $30 range, you will see action.

It seems a shame that all that will count from this is the stats.

There is no urgency to bring the sugar now, especially with the pullback in prices.

We have not authorized additional imports. We need to review whether we still need it. The crop is coming out slightly higher than our earlier projection.