Cane farmers batten down as global sugar price slumps

Mark Phelps
Updated August 29 2018 - 3:45pm, first published 10:03am
SUGAR DUMPING: Far North Queensland canegrower Stephen Calcagno says the global sugar price is US5c to US7c/lb below the cost of producing the crop on a sustainable basis in Australia.
SUGAR DUMPING: Far North Queensland canegrower Stephen Calcagno says the global sugar price is US5c to US7c/lb below the cost of producing the crop on a sustainable basis in Australia.

FAR North Queensland canegrower Stephen Calcagno says a bumper season is helping to offset drastically low global raw sugar prices, but it is nowhere near enough to keep the industry sustainable.

Mark Phelps

Mark Phelps

Journalist

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