Cane growers around Ingham are struggling under the dual burden of plummeting sugar prices and the ongoing impact of the disastrous March floods.
|The Herbert River cut off the towns of Ingham, Halifax |
and Lucinda for several days during the March flood event.
Two separate flood peaks hit the Herbert River sugar cane district, ripping up thousands of hectares of farmland and causing $15 million in local infrastructure damage alone.
At the same time, a global glut exacerbated by sugar subsidies paid by the Pakistan and Indian governments, led to sugar prices crashing.
At a current 2018 price of around $380 per tonne, worldwide sugar prices are below the cost of production.
Read the story by Tom Major from ABC News - “Flood-hit sugarcane farmers brace for huge losses as prices slump.”