The Ghana Sugar Policy - Intent and Development Process
The international sugar market is reputed as one of the most highly distorted agricultural commodities market. Raw and refined sugar markets are generally characterized by significant and widespread domestic support and trade garbling policies, such as guaranteed minimum payments to producers, production and marketing controls (quotas), state-regulated retail prices, tariffs, import quotas and export subsidies.
Although world sugar prices have largely recoiled from the 25-year highs reached in February 2006, the market remains particularly susceptible to large demand swings and price volatility. Generally, international sugar prices have largely trended downward as the production of traditional importing countries are increasing due to domestic support measures.