Sugar policy is often thought of as complex, but the American Sugar Alliance (ASA) boiled it down in a short video released today at the 30th International Sweetener Symposium. ASA said it hopes the video will help lawmakers and Hill staff better understand the policy as the Farm Bill debate continues.
U.S. sugar policy has worked well for taxpayers, consumers and farmers, U.S. Representative K. Michael Conaway (R-Texas) said today at the 30th International Sweetener Symposium. So recent House and Senate votes to extend the policy was no surprise to the chairman of the House Agriculture Subcommittee General Farm Commodities and Risk Management.
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.”