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Current Position:Home » News » Processed Foods » Sweets & Desserts » Topic

American Sugar Alliance: ‘The country is swimming in sugar’

Zoom in font  Zoom out font Published: 2012-12-19  Authour: Elaine WATSON  Views: 20
Core Tip: Sugar prices in the US have fallen more than 40% since last summer and are now at “dangerously low levels for producers who are facing ever-increasing input costs”.
sugarRoney, writing in the association’s Sugar Beet newsletter, claims surplus stocks are suffocating the sugar market, owing to a combination of strong domestic production and “excessive imports triggered by a controversial USDA decision to boost supplies earlier this year”.

The surplus is bad news for overseas farmers, too, since the US is the world’s biggest sugar importer, he argues:
 
 
 
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