Mark Perry

We Should All Get Valentine’s Day Cards From Big Sugar For The $4B We Paid Them In Higher Prices

By Mark Perry on | More Posts By | Author's Website
In an article today on American.com today titled “Bitter Sweet: How Big Sugar Robs You,” Michael Wohlgenant and Vincent Smith provide some timely Valentine’s Day commentary and report that:
“For decades, sugar beet and sugar cane farmers and processors have been the beneficiaries of a sugar program that stealthily drives up sugar costs—and, consequently, the cost of that heart-shaped box of chocolates (see chart above of U.S. sugar prices vs. world prices). Over the past 30 years, the annual burden on U.S. consumers has averaged over $3 billion in higher food prices.”
On Valentine’s Day, it’s appropriate that Wohlgenant and Smith remind us that the “hand on your back pocket billfold today is not your sweetheart’s, it’s the sugar lobby’s,” which lifted almost $4 billion from American consumers last year, read more here at The Enterprise Blog.

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1 Comment :

Comment by Tom Tinacci
2012-02-14 22:43:35

I wouldn’t hold my breath waiting for a Valentines card from big sugar. Nor would I wait for one from big cocoa either.These high priced commodities are two of the main ingredients of some of our favorite foods, especially snack foods . At least there are sugar substitutes that aren’t so bad. Cocoa substitutes just don’t cut it.We’ll just have to bite the bullet and pay the price.

 
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