Sugar prices are rising worldwide after bad weather tied to El Nino damaged crops in Asia
Sugar prices are soaring in many places
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Sugar prices are soaring in many places
Sugar worldwide is at the highest prices since 2011, mainly due to lower global supplies after unusually dry weather damaged harvests in India and Thailand.
Sugar prices are soaring in many places. That's largely due to production shortfalls in key exporters India and Thailand that are partly blamed on the El Nino. The U.N. Food
The United Nations Food and Agricultural Organization is predicting a 2% decline in production this year.
For scores of other bakers struggling to stay afloat while enduring higher costs for fuel and flour, the stratospheric sugar prices proved to be the last straw, and they closed for good.