• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • EB5
  • Entertainment
  • feedback
  • Government
  • Home
  • Interviews
  • Members
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Politics
  • Polls
  • Privacy Policy
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • Home
  • Muth’s Truths
  • Politics
  • Government
  • Entertainment
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Business

India is the New Sugar King – But It’s a Very Troubled Kingdom

India is the New Sugar King – But It’s a Very Troubled Kingdom
N&V Staff
November 26, 2018

(Chuck Muth) – There’s a big development going on right now in the global sugar market…

“Brazil,” reported Jen Skerritt for Bloomberg last week, “traditionally the world’s top sugar producer, is poised to cede the crown to India for the first time in 16 years.”

“Production in the Asian country this season may rise 5.2 percent to a record 35.9 million metric tons,” Skerritt reported. “Brazil’s output may tumble 21 percent to 30.6 million tons because of adverse weather and a shift to produce more cane-based ethanol.”

And yet, India’s sugar industry still suffers from a plague of problems, as noted last week by B.T. Lavanya and A.V. Manjunatha in an article for Economic and Political Weekly…

“India’s sugar industry is in the grips of a deep-rooted crisis. Pricing policies that had been designed to favour farmers have left them in severe distress. Sugar millers have also lost business and accumulated large amounts of debt. Consumers, however, have barely been affected due to the cap on the price of sugar.”

This on the heels of an ominous report last month by Deepayan Debnath and Suresh Babu of the International Food Policy Research Institute pointing out the political imperative for continued, if not increased, government meddling in the market…

“India’s domestic sugar market is in the doldrums, as the international market price of sugar has been falling. With general elections coming up in 2019, managing sugar markets and balancing the interests of sugar millers and sugarcane producers is a serious policy challenge for India’s government.

“Higher sugarcane production in the 2017-18 crop year has only made the problem more complex. As with many so-called political commodities, the fate of the current government may depend on how it handles this policy issue – particularly given the distressing trend of rising numbers of sugarcane farmers committing suicide due to difficult economic conditions.”

Say what you will about the U.S. sugar program of modest import limitations and tariffs on countries that unfairly subsidize their sugar producers, but at least Congress’ reasonable and responsible market protections aren’t resulting in American sugar farmers “offing” themselves.

The U.S. sugar program ain’t broke.  So don’t fix it.  At least not until India, Brazil and Thailand get their own houses in order first.

Mr. Muth is president of Citizen Outreach and publisher of Nevada News & Views

Prev postNext post

Related ItemsbusinessGovernment
Business
November 26, 2018
N&V Staff

Related ItemsbusinessGovernment

More in Business

Zero for Zero the Solution to Global Sugar Subsidies

N&V StaffApril 26, 2022
Read More

Sugar Shortages and Shopping Cart Fights

N&V StaffMarch 28, 2022
Read More

Making a Sugar Mountain Out of a Sugar Molehill

N&V StaffMarch 23, 2022
Read More

U.S. Sugar Policy Stands as Model Against Economic Surrender

N&V StaffMarch 16, 2022
Read More

Sugar Lesson from Ukraine: Food Security is National Security

N&V StaffMarch 11, 2022
Read More

Another Sugar Policy Critic Swings and Misses

N&V StaffFebruary 21, 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 Government Opinion Obama Muth’s Truths Ron Knecht News Donald Trump GOP Republicans

Copyright © 2021 Citizen Outreach | Maintained by VirtualAlly

U.S. Sugar Program Needs to Be Replicated, Not Eliminated
Extending the Ocasio-Cortez/Tucker Carlson Alliance