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U.S. sugar price is not artificially high
Luther Markwart is chairman of the American Sugar Alliance and
Executive Vice President of the American Sugarbeet Growers Association. He says the slow start in the Red River Valley this spring has the crop “not what it was in 2010.” However he points out consumers need not worry because they can easily open up imports to meet demand. Sugar has been under pressure because of the import limits contending those limits are keeping U.S. sugar prices artificially high. Markwart says that is not true because the “world” price is often artificially low set by some other producer nation dumping excess sugar on the market. He says U.S. sugar policy has not cost the taxpayer anything and will not in the future as well.
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