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Article: U.S. sugar supplies running low: ; W.Va. companies threaten price hike if imports halted
- Article from:
- Charleston Daily Mail
- Article date:
- August 14, 2009
- Author:
CopyrightCopyright 2009 Charleston Daily Mail. Provided by ProQuest LLC. (Hide copyright information)
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For many West Virginia companies, buying sugar soon could get
pretty bittersweet.
Because of tariffs and import restrictions on sugar, many
national companies are experiencing a severe shortage of the
product.
Several companies are threatening to raise prices and lay off
workers if the U.S. Department of Agriculture doesn't allow them to
import more tariff-free sugar from countries like Brazil, the Wall
Street Journal reported Thursday.
A letter written to U.S. Agriculture Secretary Thomas Vilsack
from companies like Kraft Foods Inc., General Mills Inc., Hershey
Co. and Mars Inc. asked him to allow a quota increase for sugar
imports so the nation would not "virtually run out of sugar."
But ...