World Price Volatility Continues. So Do Subsidies.

Back in 2007, raw sugar prices on the world market averaged just shy of 10 cents per pound.

To put that figure into perspective, the global average cost of producing a pound of raw sugar was more than 17 cents.

Yes, the price was low and producers were losing money on every pound of sugar sold. But amazingly, it was up more than 10% from the 8.8 cents per pound it averaged the decade before.