Costa Rica: Rejection to Sugar Prices Hike
The Chamber of Food Industry rejected the announcement of the Agro-Industrial Sugar Cane League to increase domestic price of sugar.
Thursday, October 14, 2010
A recent announcement by the Agro-Industrial Sugar Cane League with regards to intentions of increasing domestic price of sugar, prompted the Costa Rican Food Industry (CACIA) to react immediately, believing that it is wrong and inappropriate to change the local price only when international price rises, problem caused by protective tariffs granted by the Government.
Sugar growers are confident they will obtain access to China's market.
The Costa Rican Food Industry Chamber called for the withdrawal of a 45% tariff protecting 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.
The 6,330 tons are part of the quota of 8,110 for 2013 negotiated under the framework of the Association Agreement with the European Union.
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