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Mon July 22, 2013
Top Of The Morning News: July 22, 2013
Some bakers and candy makers are saying the government gives too much of a subsidy to U.S. sugar beet and sugar cane growers. Last week’s high temperatures are gone for now, replaced by temperatures hovering around 90 degrees.
Food companies from Nestle to Hostess and small neighborhood candy stores have to buy sugar. Those bakers and snack food makers say the government gives too much support to sugar growers and consumers are footing the bill. Much of the time, food companies say, they have to pay twice the international price of sugar because of government intervention on behalf of American sugar beet and sugar cane growers. The U.S. sugar program helps domestic growers get a better price by setting production targets, buying back sugar if the price drops too low and limiting imports.
It’s expected to be a little less hot this week in Kansas City. Normal temperatures this time of year in Kansas City range from 89 to 91 degrees.