I just read the world has a surplus of sugar
Question
1: Is the domestic price of sugar equal to the world price of sugar
2: Does the USA allocate quotas for imported sugar
3: Does the USA protect domestic price of domestic produced sugar, by limiting imports of sugar
4: Does the USA farm bill vastly enrich a small number of families that control the majority of cane sugar production in Florida
I have visited the sugar cane fields and processing plants in Florida, but nobody could explain the pricing mechanism
Did I ask the correct questions??