Saturday, March 17, 2007

Sugar Crisis

Sugar beet growers and refiners in the European Union receive subsidies totalling about $13 billion a year. As a result, far more sugar is produced in Europe than could ever be consumed there. The rest, over 5 million tonnes a year, is dumped onto international markets at below the cost of production. At the same time the European Union restricts the entry of sugar from other more efficient countries into its market (as does the United States).
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