date:Aug 27, 2018
explains that sugar cane production doesnt decline significantly as prices fall because the crop, which is classified as a species of grass, can be cut back for five or six years in a row, meaning that it is seldom dug up to plant another crop.
He also points out that sugar is protected all around the world by high import duties and export subsidies. The Indian government and, to a lesser extent, Pakistan have been keeping cane prices artificially high in order to win farmers votes, leading