The United States produced most of its own maple syrup until the 1930s, when Canada began to grab more market share. Canada has seen a dramatic rise in production since the 1990s, when the country began making significant investments, particularly in the province of Quebec.
Trans-Pacific Partnership – “Bittersweet” deal for Australian sugar
Under the TPP, Australia will get an additional 65,000 tonnes base allocation for sugar into the US. That’s on top of the 87,402 tonnes of sugar allotted to Australia under the tariff rate quota for the marketing year that started on Oct 1.
TPP talks – Australia rejects US offer of additional 62,000 tonnes sugar to its market [Registered]
Speaking at the American Sugar Alliance event in New Mexico on 4th August, Sharon Bomer Lauritsen, the U.S. Trade Representative’s deputy negotiator for agricultural issues told the audience that both “Tom Vilsack [the Secretary of Agriculutre] and Michael Froman [the US Trade Representative] will not do anything to undermine the sugar industry.” She suggested that bilateral deal with Australia on sugar maybe an alternative.
Australia unlikely to secure a deal to export more sugar to US via TPP [Registered]
The warning from US Trade Representative Mike Froman is a potential blow to broader agricultural trade liberalisation under the Trans-Pacific Partnership (TPP) involving 12 countries.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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