No-cost sugar policy helps fuel the sugar industry, which supports 142,000 jobs and $20 billion in economic activity.
U.S. sugar policy has operated at no cost to taxpayers since 2002, and the USDA projects it to remain no cost through at least 2021.
FOR GROCERY SHOPPERS:
Americans spend 14% less on sugar than consumers in other developed countries, and spend less of their incomes on sugar than any country in the world.
FOR SUGAR PRODUCERS:
After years of struggling -- nearly 40 sugar plants and more than 100,000 jobs have been lost since 1994 -- sugar producers have finally rebounded thanks, in part, to sugar policy.
FOR CANDY COMPANIES:
U.S. government data show candy production increasing nearly 9% since 2004, and 2.5% since the recession started in 2008.
FOR DEVELOPING COUNTRIES:
The U.S. is the second largest net sugar importer in the world and buys sugar from 38 developing countries. No wonder so many developing nations support no-cost sugar policy.
Factors Driving the Sugar Market: Jack Roney of the American Sugar Alliance on the commodity's banner year last year and where prices are headed.
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