Costa Rica: Food Industry Complains about Sugar Monopoly
The Costa Rican Food Industry Chamber called for the withdrawal of a 45% tariff protecting sugar.
Wednesday, February 16, 2011
The Chamber calls for the removal of all distortions present in the market of food raw materials, of which sugar is one of the most important and widely used. Marco Cercone, president of the Chamber, noted that the monopoly has raised prices up 22%, and said increase makes it impossible for the food industry to compete, taking its highest toll among small and medium companies.
At the request of the Agricultural Cane League the government has extended until the end of November the investigation into alleged dumping against the sugar importer La Maquila Lama.
The union of sugar producers may have presented inaccurate information to accuse a company for allegedly dumping of sugar from Brazil.
The Chamber of Food Industry rejected the announcement of the Agro-Industrial Sugar Cane League to increase domestic price of sugar.
In Costa Rica the virtually monopolistic Industrial Sugar Cane Agricultural League is supporting a recent decree that protects blocking imports of sugar by forcing sugar fortification to be done it its place of origin.
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