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Senators launch fresh bid for sugar policy overhaul
2015-02-16 09:03:07| Sugar Industry News
NEW YORK (Reuters) - Three senators on Thursday introduced a bill to overhaul the U.S. government's controversial sugar program, aiming to lower price-support levels and change domestic supply restrictions.
Sugar mills seek govt help to dispose of supply surplus
2015-02-16 09:03:07| Sugar Industry News
DUBAI (Reuters) - Struggling sugar mills in India should benefit from a fixed-pricing mechanism for fuel ethanol but still need government support to export surplus sugar, the Director General of the Indian Sugar Mills Association said on Sunday.
Much needed reform to sugar program reintroduced
2015-02-16 09:03:07| Sugar Industry News
Due in large part to the high price of sugar, U.S. sugar-using companies continue to move offshore or go out of business altogether. It has long been known by the sugar-using industries that 130,000 jobs have been lost in due to the U. S. Sugar Program passed in the 2008 Farm Bill. In 2012 the Senate Agriculture Committee approved in its farm bill to reauthorized the current sugar program without any change through crop year 2017 and therefore forced U. S. sugar-using industries to continue to pay 50 percent above the world price for sugar. Over and over throughout the following years many sugar-using industries have pleaded for reform; over and over amendments have been offered only to be tabled or voted down. Even though our U. S. Sugar Program has led to a nearly $300 million bailout of the sugar industry in 2013 when our government was forced to buy hundreds of thousands of tons of sugar to protect sugar processors from default who borrowed taxpayer dollars under the current price-support program.
Tags: program
needed
reform
sugar
More woes for the sugar industry
2015-02-16 09:03:07| Sugar Industry News
Yesterday's headlines screamed of confusion among sugar stakeholders leading to the stoppage of the sugar bidding last Thursday due to the 1 percent tax imposed by the Bureau of Internal Revenue on the withdrawal of sugar from the mills.
Sugar conduct taskforce will put the cards on the table\'
2015-02-16 09:03:07| Sugar Industry News
AFTER being plagued by concerns over sugar marketing deals, farmers are having their voices heard.
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