What are the main challenges facing the sugar industry today?

Similar to other industries, when the sugar trade is highly regulated and slow to liberalize, it can create challenges for buyers and sellers. If sugar prices are too high, then the producer is uncompetitive. If it is too low, sugar farmers and producers cannot profit. Efficient countries with low labor costs will fare better with low-cost sugar because they can still profit. Sugar is still a major crop for developing countries, whose GDP relies more on agriculture than other industries. European and American tariffs hurt farmers in developing states who cannot compete.