The Bitter Tale of Sugar Imports
Monday, February 8, 2021
Inconsistency in the regulations governing sugar imports caused food and drink companies scrambling to find supplies. Investment projections could be affected.
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THE recent chaos over the import of refined sugar is like a never-ending soap opera. The foot-dragging over this problem would not have occurred if the government had since the outset consistently opened up imports using the mechanism of the market. With the requirements of the food and drink industry increasing every year, the government should not restrict import permits and quotas only to old players in the sugar refining industry.
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