The Wall Street Journal has editorialized in support of a Senate amendment to reform sugar import quotas, which it claims increases prices that are passed on to the industry and ultimately to consumers. To read the editorial, click here.
Editor’s Insight: This issue will not strike most vending and refreshment service operators as important, but all food and beverage companies are affected by sugar import quotas in the form of higher product costs. This is a complicated issue that most of us don’t have time to fully understand, but that is why we have trade organizations.
This editorial notes that the government’s system of price supports and import quotas provides around $1.4 billion annually to 5,000 beet and sugar cane producers and ultimately results in higher food prices. That’s something that merits the food industry’s attention. 06-13-12 By Elliot Maras