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Consider the following statements
1. Cane sugar is preferred to beet sugar.
2. Beet sugar is insufficient to meet local demand.
3. There is low demand and surplus production of cane sugar in producing countries.
4. Cane sugar producing countries were colonies of importing countries.
5. Production cost of cane is low.
Which of the above reasons account for the fact that cane sugar has a major share in the international sugar trade ?
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- 1, 2 and 3
- 2, 3 and 4
- 1, 4 and 5
- 2, 3 and 5
Correct Option: C
NA