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Podcast: Business Daily
Episode: The sugar price surge
Description: We trace the commodity’s journey from sugar cane farm, to mill, to candy shop, all in a quest to find out why the cost of sugar has gone up.
The US is the world's fifth largest sugar producer, with sugarcane grown in the south and sugar beets in the north.
Even though the cost of sugar is rising worldwide, Americans pay twice as much as the global average for sugar because of a government policy.
Brought about to protect domestic producers, a protectionist policy taxing imports of sugar is actually creating higher prices, a report by the government ac...