By: Oliver Nieburg
U.S. headquartered firm Spangler Candy says it will not move large volumes of its production back to the U.S. from Mexico until the U.S. government creates a domestic sugar regime that matches world prices.
The Farm bill was written into U.S. law as the Agricultural Act of 2014 last month. It included a five-year continuation of the existing sugar policy.
The move was applauded by US sugar growers, but left a bitter taste for US sweet manufacturers.
Kirk Vashaw, president and CEO of Spangler Candy, told us: “Right now U.S. companies such as ours are at a disadvantage because we have to pay a much higher price for sugar and sugar is the main cost in our product.”
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