USD per pound
The sugar industry subsumes the production, processing and marketing of sugars (mostly sucrose and fructose). Globally, about 80% of sugar is extracted from sugar cane, grown predominantly in the tropics, and 20% from sugar beet, grown mostly in temperate climate in North America or Europe.
Sugar is used for soft drinks, sweetened beverages, convenience foods, fast food, candy, confectionery, baked products, and other sweetened foods. Sugarcane is used in the distillation of rum.
Several countries subsidize sugar.[1] Globally in 2018, around 185 million tons of sugar was produced, led by India with 35.9 million tons, followed by Brazil and Thailand.[2] There are more than 123 sugar-producing countries, but only 30% of the produce is traded on the international market.
- ^ "Resolution In US House Against Subsidies On Sugar By Countries Including India". NDTV.com. Retrieved 2023-11-25.
- ^ "Sugar: World Markets and Trade" (PDF). Foreign Agricultural Service, US Department of Agriculture. 20 November 2018. Retrieved 24 March 2019.