The agreement by Mexico to limit its shipments of sugar to the U.S. market will reduce the chances of sugar program costs, says the think tank Food and Agricultural Policy Research Institute. In a bulletin, FAPRI said additional details about the agreement have become available in recent weeks. The bi-national agreement suspends U.S. anti-dumping investigations if Mexico limits shipments to a specified percentage of U.S. needs and complies with price floors of 26 cents per pound for refined sugar and 22.25 cents for other sugar. “By limiting this inflow … the agreement makes it less likely for U.S. sugar prices to fall low enough to trigger loan forfeitures or government outlays through the feedstock flexibility program,” says FAPRI. It estimates the sugar program will operate at no net cost to taxpayers through 2024, vs costs of $24 million without the pact.