Lack of U.S. reform blamed for sugar price rise

Industry Organizations

Monday, August 13, 2012

The U.S.-based Coalition for Sugar Reform pointed to a 12 percent increase in world sugar prices from June to July as another reason for Congress to reform the U.S. sugar trade program this year. The United Nations Food and Agriculture Organization’s Food Price Index, released last week, reported a global increase of 6 percent for July largely driven by hikes in grain and sugar prices. “With global sugar prices soaring, the key components of the Depression-era U.S. su...

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