Global sugar subsidies are on the rise, while sugar prices continue to slump. That’s according to International Sugar Organization Executive Director Peter Baron.
Patrick Chatenay, a UK-based researcher and global sugar policy expert, quantified more than $2.5 billion a year in hidden Brazilian sugar subsidies earlier this year. But since his study was published in April, Brazil has announced additional incentives to help its sugar and sugarcane ethanol sector, he said today at the 30th International Sweetener Symposium.
Large confectioners and sugar farmers don’t agree on much when it comes to sugar policy. But during a panel today at the 30th International Sweetener Symposium, leaders from both groups advocated for free markets where the most efficient businesses thrive.
Weakened Sugar Policy Would Have Profound Impact on Sugar Jobs, Little Impact on Food Company Employment
When both chambers of the United States Congress voted this summer to continue U.S. sugar policy, it was a big victory for the 142,000 jobs supported by the sugar industry, according to University of Maryland Professor Alexander Triantis. “A weakened sugar policy would have a profound effect on sugar related jobs,” he said today at the 30th International Sweetener Symposium. “But I’ve found no evidence that sugar price affects jobs in the sugar-using industry.”
The American Sugar Alliance issued the following statement about today’s bipartisan vote in the United States House of Representatives to reject a Farm Bill amendment offered by Reps. Joe Pitts (R-PA), Danny Davis (D-IL), Bob Goodlatte (R-VA), and Earl Blumenauer (D-OR) to gut America’s sugar policy.
“Once again, legislators have turned back attempts to reward heavily subsidized foreign sugar producers and leave America more dependent on other countries for a food staple.
Congressman Ted Yoho (R-FL) introduced a “zero-for-zero” sugar policy on Friday that would instruct the administration to target the foreign sugar subsidies that are distorting world prices and keeping a free market from forming.
U.S. sugar prices are as low today as they were in the 1980s, and confectioners are prospering under the current U.S. sugar policy. That was the message in a new video released today by the American Sugar Alliance (ASA).
Erick Erickson, the editor-in-chief for RedState, hosted a panel of conservatives yesterday to discuss sugar policy and the ongoing Farm Bill debate. Panelists argued that unilateral disarmament of U.S. policy was not a free-market strategy and urged support of a zero-for-zero strategy, where U.S. policy would be eliminated once foreign subsidies are curbed.
The American Sugar Alliance issued the following statement about yesterday’s overwhelming vote to approve S. 954, the Agriculture Reform, Food, and Jobs Act.
“We commend Chairwoman Debbie Stabenow (D-MI) and Ranking Member Thad Cochran (R-MS) for passing a bipartisan Farm Bill at a time when political bickering has become the norm. The fiscally responsible bill that emerged contains a strong sugar policy, and on behalf of the 142,000 Americans employed by the sugar-producing sector, we’d like to say, ‘Thank you.’
As the U.S. Senate prepares to debate an anti-sugar amendment, the American Sugar Alliance released today a new three-minute video designed to remind lawmakers of the importance of the vote.
Every Capitol Hill office today received a personalized replica of a 1940s-era sugar rationing coupon(front, back), compliments of the American Sugar Alliance (ASA). The delivery, which comes in the middle of Farm Bill deliberations, is intended to remind lawmakers about the consequences of again becoming dependent on foreign sugar supplies.
“Dependence on foreign sugar led to rationing during World War II. Don’t make the same mistake again by outsourcing our sugar production,” warned the mailer.
A complex web of Brazilian government programs provides nearly $2.5 billion per year in sugar subsidies, giving Brazil a leg up on its competitors and distorting global prices, according to a new report released today.
“This report underscores the importance of maintaining the current U.S. sugar policy, which was designed to shield consumers from foreign market manipulation and ensure an affordable, homegrown supply of a food staple,” said Jack Roney of the American Sugar Alliance.
U.S. Sugar Jobs Will Be Lost If Policy Is Weakened
WASHINGTON—Confectioners and other producers of sugar-containing products (SCP) are adding more jobs, growing revenues faster and achieving higher profitability than other food processing segments, according to a new report released today that examines the economic effects of U.S. sugar policy.
“The SCP industry has been faring very well under current U.S. policy,” found the report’s author, University of Maryland Professor Alexander J. Triantis, Ph.D. The findings stand in contrast to claims by candy industry lobbyists that sugar policy has caused economic hardship.
The American Sugar Alliance issued the following statement about today’s bipartisan vote in the United States Senate to reject a Farm Bill amendment offered by Sens. Patrick Toomey (R-PA) and Jeanne Shaheen (D-NH) to gut America’s sugar policy.
In testimony delivered to the U.S. International Trade Commission (ITC) today, U.S. sugar producers encouraged the agency to publicly note the positive effect U.S. sugar policy has on the economy.
In response to today’s Wall Street Journal article about possible U.S. Department of Agriculture (USDA) actions to cope with record sugar surpluses, the American Sugar Alliance (ASA) released the following statement and background information.
The sugar surpluses that are overhanging the U.S. market, and sending sugar prices plunging, continue to rapidly climb, according to data released today by the U.S. Department of Agriculture (USDA).
Surplus stock figures for the year ending Sept. 30, 2012, increased from 1.7 million tons to 2 million tons, the USDA noted. Estimated surpluses for the year ending Sept. 30, 2013, grew from 1.6 million tons to 2.2 million tons.