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A new report from the Rabo Food & Agribusiness Research and Advisory group says U.S. sugar producers are at a disadvantage with current consumer GMO perceptions.
Rabobank ag economist Sterling Liddell tells Brownfield they see sugar processors continuing to move toward non-GMO sources of sugar over the next five years. “It does give sugar cane, which is primarily from Mexico, a bit of an advantage in the market.” He says sugar operates more in a quota system rather than a free market with current trade agreements allowing Mexico to flood the market.
Liddell says most sweeteners in the U.S. are produced from GMO corn or sugarbeets. “Sugar producers are also at a bit of a disadvantage from a consumer trends perspective because of GMO perception, also the new labeling laws and standards that we’re seeing.”
Liddell says the current environment has some sugar processors seeking organic products or other non-GMO sweeteners.