WASHINGTON—The U.S. Department of Commerce (DOC) yesterday granted standing to Imperial Sugar Co. and AmCane Sugar LLC in the antidumping and countervailing duty (AD/CVD) cases filed last year against Mexico’s sugar industry. The AD/CVD cases had been suspended following an agreement reached between the U.S. and Mexican governments, but will recommence as a result of the latest DOC decision.
The Big Candy lobby and its congressional allies launched a surprise attack against U.S. sugar policy on April 22. And it used a highly unusual vehicle in its attempt to sabotage the recently passed farm bill: an African aid package.
An amendment offered by Pennsylvania Republican Sen. Patrick Toomey would have used the African Growth and Opportunity Act to flood the U.S. market with unneeded sugar imports.
The Senate Finance Committee rejected the scheme on a 10-16 vote, with the panel’s top Republican and Democrat – Sens. Orin Hatch (R-Utah) and Ron Wyden (D-Ore.) – both opposing the plan.
A subsidized bailout package worth approximately $320 million was just announced for India’s struggling sugar sector.
But before we dissect the details of the latest subsidy handout, let’s first revisit India’s other big subsidy announcements this year, which are helping destroy the world sugar market.
We don’t have the same sugar subsidies as Brazil, so we can’t sell you sugar below the cost of production. But, we can promise you sugar of the highest quality, produced by efficient Americans and delivered on schedule to your door at a fair price.
In February, the American Sugar Alliance unveiled a new online resource that tracks foreign sugar subsidies as part of its campaign for a free global sugar market. Since that time, the catalogue of media stories has been filled with news of an oversupplied world market where prices are far below average production costs. Fueling the…
It’s that time of year again. Birds are chirping, trees are budding, and bulbs are flowering.
Small children are excited about spring break, egg hunts, and decorated Easter baskets.
And Big Candy is busy complaining on Capitol Hill even though they are selling more product than ever – more than $2.2 billion worth of candy this Easter alone.