By A. C. Hannah
"This is the 1st publication to hide in a finished approach, the behavior and constitution of the overseas sugar from cultivation all over to finish use. The authors glance intimately on the workings of the turning out to be and construction area and the developments in international creation, intake and buying and selling of sugar. very important sections give some thought to the rules of the world's significant sugar manufacturers and the most probably destiny advancements of the alternate within the mild of the advancements in japanese Europe and China, and within the alternative sugar sweetener items. The ebook should be a useful reference resource for sugar manufacturers and investors and for all these inquisitive about the monetary, advisory and funding groups. released in organization with the overseas Sugar association"
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Extra info for The international sugar trade
Except for Colombia, Hawaii and Peru, which uniquely have 12 month produc1 A u t a r k y = desire f o r self-sufficiency. 46 SUPPLY tion cycles, sugar production is concentrated over 3 - 5 month campaigns timed to take advantage o f maximum sugar content. This characteristic creates a strong seasonality in sugar output, availability and exports and can lead to world price volatility during a year. Northern hemisphere beets are harvested largely within the three m o n t h period from O c t o b e r to D e c e m b e r ; equatorial c a n e is processed mainly from November to April; and southern hemisphere cane from May to December.
By the mid-eighteenth century the quantities 1 Mintz S W , Sweetness and Power - The Place of Sugar in Modern York, 1 9 8 5 . 21 History, Viking, N e w THE INTERNATIONAL SUGAR TRADE of tea (and sugar) imported were so high and the price had fallen so much that it reached the point where tea, and its condiment sugar, had penetrated fully the working class market. By the mid-nineteenth century, w h e n import duties were lifted, sugar had begun to take on a further role as an energy provider. Jams, jellies and puddings, all using sugar, became c o m m o n amongst the labouring classes n o w urbanized by the Industrial Revolution.
In a normal year around half of the revenue needed to subsidize exports is obtained from the production levies. 4 million tonnes of preferential imports made annually by the EU under the terms of the Lome Convention. This part of the payment o f export subsidies (restitutions) is considered as development aid, which explains why it is drawn from the general budget. 4 million tonnes annually. The sugar protocol o f the Lome Convention was essentially a successor to the Commonwealth Sugar Agreement (CSA) and dates from the formal accession o f the UK to the EC in 1 9 7 5 .