Profit from the sugar trade was so significant that it may have even helped America achieve independence from Great Britain. Plenty, as it turns out, beyond the way it expands waistlines and causes cavities.
Sugar collapse will hit Queensland economy by Patrick J. Byrne News Weekly, November 16, North Queensland could lose per cent of its economy and 15, jobs if the industry is allowed to collapse with deregulation in the face of subsidised competition, according to a report by Cummings Economics, for the Advance Cairns development group.
The Cummings report examined the position of the sugar industry and the consequences for Far North Queensland if the industry collapsed and quickly went out of existence. Commenting on the Report, Mr Cass Arboit, a member the recently formed Cane Farmers Reform Committee, said that the Report's findings express "the fear of many in the industry.
This will significantly impact on the Queensland economy," Mr Arboit said. The Report said that the Australian sugar industry had proved highly responsive in competing with heavily subsidised, low wage sugar producing countries.
Australian sugar producers had "survived and prospered only through leading the world in efficiency - in the application of capital and superior technology to farming production and transport processes.
The Cummings Report examined the international causes of the low price of sugar, which has brought the industry to its knees.
It said the crisis had been caused by the massive off-loading of Brazilian sugar onto the world market, after it unpegged its currency from the US dollar in Octoberbecause of the effects of the Asian currency crisis.
According to Mr Arboit, "other Australian forecasters predict that it will take seven years of sustained growth in world demand for sugar to overcome the recent boom in Brazil's sugar expansion".
The Cummings report said that "The net result for the Brazilian industry has been a massive increase in competitiveness against the Australian industry and other sugar producers. About half of its production goes into ethanol production. Of the rest, about half is absorbed by the large domestic market.
Major countries like the USA and Japan heavily protect or subsidise their domestic industry in its home market and the European Union not only protects its domestic industry in its home market but also subsidises massive exports. Only in Australia do consumers pay the world price for sugar.
Mr Arboit said, "The industry must not be totally deregulated. Through regional meetings, our Committee has reached half the 6, cane farmers in the past month and they have unanimously rejected the Federal and Queensland deregulation package and supported our Committee's alternate industry plan.Rent and save from the world's largest eBookstore.
Read, highlight, and take notes, across web, tablet, and phone. Go to Google Play Now» Sugar and Slavery: An Economic History of the British West Indies, Richard B. Sheridan. Canoe Press, Stages in ffce Growth of the Sugar Economy. .
This statistic presents the total sugar consumption worldwide from / to / with a forecast for / In /, approximately million metric tons of sugar were.
In terms of revenue generated, Florida's top five agricultural products are greenhouse and nursery products, oranges, cane for sugar, tomatoes, and cattle and calves. Livestock Behind all the fruits, vegetables and field crops, beef cattle and milk are Florida's leading livestock products.
The growing demand for and production of sugar created the plantation economy in the New World and was largely responsible for the expansion of the Atlantic slave trade in the sixteenth, seventeenth and eighteenth centuries. Waste products from processing affect the environment; Parallel consumption of other items related to sugar.
economy, its productivity is going down. It was discovered that the low productivity is largely due to failure to world. The climate is ideal for sugar cane and the distances from the mill are quite manageable.
Sugar cane is a high labour are not available on time it affect the growth rate and thus the return per piece of land. It. World War II brought the economy out of the Great Depression. Once the war started, the government began putting people to work in factories and as soldiers.
After the war, the Cold War was.