Sugar Subsidies

Sugar subsidies are government policies that provide financial support or incentives to sugar producers, often by buying excess sugar at guaranteed prices or offering tariffs on imported sugar. This helps keep sugar prices stable and protect domestic farmers from global market fluctuations. While it can ensure a steady supply and support local agriculture, subsidies can also lead to higher prices for consumers and trade disputes with other countries. Essentially, they are designed to promote the local sugar industry but can have broader economic and international impacts.