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| 1. |
Explain sugar industry in detail? |
| Answer» The\xa0sugar industry\xa0subsumes the production,\xa0processing\xa0and marketing of\xa0sugars\xa0(mostly\xa0saccharose\xa0and\xa0fructose). Globally, most sugar is extracted from\xa0sugar cane\xa0(~80\xa0% predominantly in the tropics) and\xa0sugar beet\xa0(~ 20%, mostly in temperate climate like in the U.S. or Europe).Sugar beets awaiting processing at the\xa0Holly Sugar Corporation\xa0plant near\xa0Brawley, California.\xa0Photograph by Environmental Protection Agency. (12/02/1970)Sugar is used for\xa0soft drinks,\xa0sweetened beverages,\xa0convenience foods,\xa0fast food,\xa0candy,\xa0confectionery,\xa0baked products, and other sweetened foods. Sugarcane is used in the distillation of\xa0rum.Sugar subsidies have driven market costs for sugar well below the cost of production. As of 2018, 3/4 of world sugar production was not traded on the open market. The global market for\xa0sugar\xa0and\xa0sweeteners\xa0was some $77.5 billion in 2012, with sugar comprising an almost 85% share, growing at a\xa0compound annual growth rate\xa0of 4.6%.[1]Globally in 2018, around 185 million\xa0tons\xa0of sugar was produced, led by\xa0India\xa0with 35.9 million tons, followed by\xa0Brazil\xa0and\xa0Thailand.[2]\xa0There are more than 123 sugar-producing countries, but only 30% of the produce is traded on the international market. | |