Sugar scarcity crisis - another major concern of the world

Soaring sugar prices are the last straw, forcing many bread factories in other countries to close permanently, while bakers are already struggling to survive amid rising fuel costs. and wheat flour is also high. Sugar prices have increased 55% in two months. Rising sugar prices cause bread prices to increase, meaning sales will decline. Sugar is a necessary ingredient to make bread. The world's sugar commodity is trading at its highest price since 2011, mainly due to reduced global supply after unusually dry weather damaged harvests in India and Thailand. the world's second and third largest sugar exporters. This is the latest bad news for developing countries, which are facing shortages of essential goods such as rice and food trade bans that have fueled food inflation. All of that contributes to food insecurity due to the combined effects of the El Nino weather phenomenon, tensions in Ukraine and a weakening currency. Richer Western nations can bear the higher costs, but poorer ...