date:Sep 21, 2012
am, which sets import quotas on sugar, enforces a minimum price for sugar in the US market, limits how much US sugar processors can sell, and forces USDA to buy surpluses and sell them to ethanol refineries, means US sugar prices are artificially high, claimed Martin.
But how much more are US food manufacturers paying for sugar?
As recently as four to six months ago, US sugar users were paying almost twice the world average price for sugar, said Martin.
Today, the disparity has decreased, but