U.S. sugar producers support 142,000 U.S. jobs in more than 20 states and contribute nearly $20 billion a year to the U.S. economy. Yet, the family farms that are the heart of the industry are reeling from low prices and foreign subsidization. U.S. sugar policy gives them a chance to survive.
Sugar prices in America are as low today as they were in the 1980s, yet the price grocery shoppers pay for sweetened foods is on the rise. Not surprisingly, so are food manufacturers’ profits.
Still, there’s no shortage of misinformation about sugar prices in America and abroad. Here are the facts, according to the most recent USDA pricing data.
|U.S. Raw Sugar|
(the price U.S. producers receive for unrefined sugar)
(the price U.S. food manufacturers and grocery stores pay for U.S. sugar)
(the price U.S. grocery stores charge shoppers after their markup)
|*As of August 2020|