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Lower Prices for Sugar in the U.S. Aren't Translating into Lower Prices for Various Foods


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(73 seconds)


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(OPEN):
U-S SUGAR-PRICES HAVE BEEN IN FREEFALL--EVER SINCE MEXICO BROKE AMERICA'S TRADE-LAWS, AND FLOODED THE MARKET WITH SUBSIDIZED SUGAR, IN 2013 AND 2014.  BUT, YOU PROBABLY DIDN'T NOTICE.  THAT'S BECAUSE THE FOOD-COMPANIES THAT BOUGHT THE SUGAR POCKETED THE SAVINGS, AS PROFIT--INSTEAD OF PASSING THEM ALONG TO CONSUMERS, WITH LOWER PRICES--SAYS JACK RONEY [AS IN "TONY"], OF THE "AMERICAN SUGAR ALLIANCE"...

(RONEY):
"
SUGAR ACTUALLY COSTS LESS TODAY THAN IT DID IN THE 19-80'S.  BUT, THAT HASN'T MEANT CHEAPER CANDY, CAKES, OR COOKIES.  FOR EXAMPLE, OVER THE LAST FIVE YEARS, SUGAR-PRICES HAVE BEEN FALLING--AND YET, THE PRICE OF A CANDY-BAR HAS BEEN RISING, BY 10 CENTS.  PUT ANOTHER WAY:  SHOPPERS ARE PAYING MORE AT THE CHECKOUT-LINE, FARMERS ARE SEEING LESS OF EACH FOOD-DOLLAR, AND FOOD-MANUFACTURERS ARE MAKING BIGGER PROFITS."

(CLOSE):
IN JUNE, THE U-S AND MEXICAN GOVERNMENTS FINALLY REACHED AN AGREEMENT, TO END THE SUBSIDIZED-SUGAR DUMP.  RONEY HOPES THAT THIS MEANS BETTER PRICES FOR U-S FARMERS--BUT WARNS OF ONE POTENTIAL ROADBLOCK:  FOOD-COMPANIES ARE NOW LOBBYING CONGRESS, TO ALLOW A FLOOD OF SUBSIDIZED SUGAR FROM BRAZIL AND THAILAND--AMONG OTHER COUNTRIES.  LEARN MORE AT "SUGAR-ALLIANCE"-DOT-ORG.  FOR THE "INTERNATIONAL SWEETENER SYMPOSIUM" IN SAN DIEGO, I'M ERIC JON MAGNUSON.

For more audio from many of those participating in the 34th-annual International Sweetener Symposium, click here.



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