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”.
Roney, 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: