Sugar Shorts: Foreign Subsidies
As global sugar prices fall, pressure is increasing on foreign governments to subsidize their sugar industries. Sugar now sells for less than it costs to produce and has been called the world’s most distorted market.
We’ve grown sugar in Louisiana for more than 250 years. And if we didn’t raise sugar, the only thing we’d grow around here is the unemployment line. It’s sad that some people want to end that history and outsource U.S. sugar production to subsidized foreign industries that don’t care about the environment.”
When foreign governments subsidize their growers, we can’t compete with that.”