date:May 16, 2016
ice of sugar from cane and sugar from beets.
The current price for beet sugar is about 3 to 5 cents below the price for cane sugar on the spot market, says Michael McConnell, an economist with the U.S. Department of Agricultures Economic Research Service.
It means that buyers are paying 10 to 15 percent more for cane sugar.
Meanwhile, the amount of beet sugar looking for buyers has been increasing, while theres a shortage of cane sugar. That shortage is bad enough that sugar users, such as ca