• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Dashboard
  • EB5
  • Entertainment
  • feedback
  • Forgot Your Password?
  • Government
  • Home
  • Interviews
  • Login
  • Members
  • Meme generator
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Pick a New Password
  • Politics
  • Polls
  • Privacy Policy
  • Profile
  • Recent comments by me
  • Recent comments on my posts
  • Register
  • Submit post
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • About Us
  • Contact
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Business

EU Serves as Example of What NOT to Do on Sugar Imports

EU Serves as Example of What NOT to Do on Sugar Imports
Chuck Muth
December 15, 2022

(Chuck Muth) – Back in 2006, the European Union – tempted by the lure of artificially cheap, government-subsidized imported sugar – nearly destroyed its domestic sugar-growing industry, leaving sugar consumers at the mercy of weather and political turmoil in other parts of the world.

What remains of the EU’s domestic market was hammered by a heat wave that hurt production this summer.  Which means Europeans are having to import more sugar.  However, that imported, government-subsidized sugar is no longer “cheap.”

Brazil, the world’s #1 sugar exporter, has shrunk global supplies by shifting more sugar to ethanol production.  And India, the #2 global sugar producer, has slapped on sugar export restrictions.  And then there’s Russia’s war in Ukraine.

All of which has contributed to higher prices across the board.  As Mumbi Gitau reported for Bloomberg this week…

“Companies making candy, cakes and soft drinks are paying much more than normal to source sugar in the near term.  That’s squeezing their profit margins and even raising the risk of some going out of business, according to CIUS, which represents European sugar users. For consumers, it’s threatening yet more inflationary pain.”

European candy-makers are now calling on the EU “to temporarily lift import tariffs” to bring down sugar prices.  However, as Mr. Gitau points out, such a move would hurt domestic growers and producers “at a time when (production) costs have jumped.”

This is the same “solution” favored by American candy-makers who continue to pressure for the elimination of the current U.S. sugar policy of modest import tariffs and restrictions on the import of foreign, government-subsidized sugar.

From a recent article in the Daily Sentinel in Rome, NY…

“Sugar is, of course, an essential ingredient in most sweet treats. The vast majority of the sugar we eat is either grown on sugarcane or sugarbeet farms in the United States or refined from raw sugar by American cane sugar refiners.

“But corporate candy companies don’t want to ‘Buy American’ when it comes to sugar. Candy companies like Hershey have spent years lobbying Congress to weaken U.S. sugar policy and allow foreign sugar producers to flood U.S. markets with subsidized sugar.

“If Hershey is feigning concern about the supply of sugar now, imagine what will happen when they are completely reliant on cheap foreign sugar? Other countries don’t have our best interests in mind and are likely to raise prices or restrict supply once their American competitors have been destroyed.”

Current U.S. sugar policy is fair…and it works.  American candy-makers aren’t suffering the same shortages as those in Europe, while the cost of domestically-produced sugar has remained comparatively stable.

When something works, don’t fix it.  Just ask the EU.

Mr. Muth is president of Citizen Outreach, a non-partisan grassroots advocacy organization

Prev postNext post

Related Itemsbusinessgovernment
Business
December 15, 2022
Chuck Muth

Related Itemsbusinessgovernment

More in Business

FTC to Eye Docs: Give Patients Their Prescriptions

NN&V StaffDecember 9, 2022
Read More

Mills Raises Concerns of Threats to U.S. Food Supply, Sugar Policy

Chuck MuthNovember 22, 2022
Read More

Graves: Don’t Allow Subsidized, Foreign Sugarcane to Enter U.S. Markets

Chuck MuthNovember 1, 2022
Read More

Conservatives Should Not Surrender on Sugar

Chuck MuthOctober 7, 2022
Read More

Sugar Growers Outraged by New Study Showing Big Candy Posting Big Profits

Chuck MuthSeptember 26, 2022
Read More

Behold the First Truly Post-Trump Farm Bill – Properly This Time, DC Conservatives

Chuck MuthSeptember 19, 2022
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Nevada Politics business Muth's Truths government Opinion Government Muth’s Truths Obama Ron Knecht News Donald Trump GOP Republicans

Copyright © 2022 Citizen Outreach | Maintained by VirtualAlly

FTC to Eye Docs: Give Patients Their Prescriptions