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not that long ago (mid 1980's) the us price of honey was supported via subsidies and import restrictions at about twice the world price of sugar. seems like (casually with no number crunching) that the us price of sugar has remain about the same (price adjusted for inflation) and the world price has slowly risen to the price level of that in the us of a.

seems that at least one variable not considered by the short article is that a great deal of the supply of 'cane' sugar is also in hurricane alley, so supply could be quickly and adversely affected by higher than normal number or severity of hurricanes. beet sugar on the other hand would likely be more affected by irrigation water availability (and cost).
 

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Along a similar line, "Big Sugar" is trying to sell the land down in S. Fl. to the Gov. (us) for $2 Billion that by all global warming, rising sea level studies is supposed to be inundated with salt water in 100 years.
 
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