Question

Give the characteristics of sugar industry 0

Answer 1

Sugar subsidies have driven market costs for sugar well below the cost of production. As of 2018, 3/4 of world sugar production is never traded on the open market. The global market for sugar and sweeteners is ~$77.5 billion in 2012, with sugar comprising an almost 85% share, according to estimates in a 2013 report from BCC Research. The market is thought to increase at a compound annual growth rate of 4.6%