• 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
  • Advertising
  • Contact
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Business

Indian Sugar Policies Justify U.S. Sugar Policy

Indian Sugar Policies Justify U.S. Sugar Policy
N&V Staff
April 11, 2017

(Chuck Muth, President, Citizen Outreach) – This week’s look at the global sugar market focuses on India.

An article last week in The Financial Express out of New Delhi notes that…

“For several months now, with back-to-back droughts hitting output, traders have been predicting a sugar shortage, but the government refused to lower the import duty from 40%. … Suddenly, as estimates of the crop have firmed up and the likelihood of a sugar shortfall is becoming clear, the government has slashed the import duty to zero, but just for raw sugar imports… 

“Apart from the fact that this looks like going back to the bad old days of the import-export control with all its attendant evils of discretion, what can the logic be for not slashing import duties for refined sugar as well?”

In other words, India – the world’s #2 sugar producer – has the same type of import restrictions on sugar that critics of the U.S. sugar program want to unilaterally eliminate here, which would give countries such as India open access to the U.S. market while its own market remains generally closed.

How would that be a fair and balanced free market?

Meanwhile, a separate article in The Hindu captured the ongoing American brouhaha between U.S. sugar producers and U.S. candy manufacturers…

“The American sugar lobby and the candy manufacturers are both trying to convince the Trump administration and Congress of their respective points of view.  The candy industry says government regulations do not allow a free market for sugar, and American sugar policy is tilted to protect the vested interests of about 18,000 sugarcane and sugar beet growers. The sugar lobby says the candy makers are greedy.”

The facts outlined by The Hindu tend to favor the sugar producers over the “candy lobby”…

“’Large confectioners have nothing to complain about. They pay less for sugar than their counterparts in other developed countries and have boosted profits under the current sugar policy,’ says the Sugar Alliance.

“According to the group, sugar prices are as low today as they were 30 years ago and it accuses candy makers of hiking prices by 300% over that time. ‘Food manufacturers pocket the windfall from falling sugar prices instead of sharing the savings with consumers,’ the sugar lobby says and points out that the confectioners boast of ‘higher profit margins than hospitals, defence contractors, and even Hollywood.’”

Point, sugar producers. The U.S. shouldn’t unilaterally eliminate its sugar program unless or until global competitors such as India eliminate theirs.  Zero government interference for zero government interference.

It’s the only policy that makes sense.

Prev postNext post

Related ItemsbusinessFeatured ArticleGovernment
Business
April 11, 2017
N&V Staff

Related ItemsbusinessFeatured ArticleGovernment

More in Business

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

N&V StaffNovember 1, 2022
Read More

Conservatives Should Not Surrender on Sugar

N&V StaffOctober 7, 2022
Read More

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

N&V StaffSeptember 26, 2022
Read More

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

N&V StaffSeptember 19, 2022
Read More

Food security issues, farmers’ pessimism greet the 2023 farm bill

N&V StaffSeptember 16, 2022
Read More

Runaway inflation puts American food security at risk

N&V StaffSeptember 14, 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

Beers Misled Public on No-Bid Trash Contract Vote, Law
Republican Congress Opens New Assault on States’ Rights