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Latest headlines

Mexican sugar sold below fair market price

By Jeremy Gerrard
Mexican sugar sold below fair market price
July 21, 2014

Mexican sugar sold below fair market priceA US International Trade Commission report says subsidized sugar imports from Mexico have cost the US $260 million in lost sugar revenue. Specifically, the ITC says Mexico has substantially increased sugar shipments to the United States, and a significant portion of that sugar was sold below fair market price. As a result, the report states, US regulators have been forced to spend tax dollars to keep the domestic sugar market from collapsing.

According to the American Sugar Alliance, the Department of Commerce is also investigating subsidy and dumping actions by Mexico as part of an antidumping and countervailing duty case. The DOC is expected to issue a preliminary judgment before August 25.

KEYWORDS: global economy sugar

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Jeremy Gerrard was Food Engineering's Digital/Online Editor. He is a graduate of Auburn University with a degree in journalism. His previous work experience includes years spent as a reporter with the Daily Local News out of Chester County, PA. In addition to writing feature articles for Food Engineering, Jeremy covered the Dry Processing, Field Reports and People and Industry news sections.

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