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Be My (Government Subsidized) Valentine

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  • Description

    FBN's Rich Edson on how the government is artificially increasing the price of sugar.

  • Duration 2:30
  • Date

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Transcript

This transcript is automatically generated

Welcome back everybody -- -- in -- -- happy Valentine's Day once again.

Billions and billions and billions of dollars in can be spent on car -- and flowers and chocolate and candy today and we have our very own.

-- -- -- an -- I have been meeting to say this name all day Coke plus silent chocolate lounge in Washington DC.

I talk about how the government is artificially.

Making our -- more expensive.

Rates high.

You know how well that's right -- we are -- -- -- of installing good to talk to -- we're our act cocoa salad this is a restaurant and chocolate -- that specializes in everything topic today an appropriate place.

To -- our government price controls.

On sugar -- farm bill that congress is debating right now has side issue coming up as a price control on it.

And it's putting the -- industry at odds with the sugar industry basically there tariffs and different price controls and inflate the price or maintain the price of sugar.

Here in the United States -- candy manufacturers say it's artificially keeping prices up in the US they'd be better served.

Going overseas stimulus.

It's not a free market so we just feel it's it's unfair.

On the other hand we're not against.

US sugar growers or refiners we need -- -- sugar.

We just think we completed a premarket they should have to complete the free market.

At a sugar industry sugar refiners say the issue is countries around the world.

Spend billions and billions of dollars subsidizing their sugar industry so it would be unfair for the US to allow international sugar into the country without any types of tariffs are unfettered.

You've got this breakdown here here's is a remark from the American sugar alliance saying much of the pressure.

To hand over the US sugar market to foreign suppliers is driven by large food manufacturers.

Looking to over supply the US market to press sugar prices.

And boost their own corporate profits so the candy manufacturers say that American consumers are spending billions of dollars.

Additional each year because of these price controls however the sugar industry says that if the American manufactures candy manufacturers did spend less on sugar.

They wouldn't pass the savings on to consumers it's a pretty familiar fight just two different players here -- -- You sound like -- it's -- plus -- is -- enough and those prices.

Harley's under fire to thank you so much have a -- gay rights.

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