The price of sugar may continue to rise globally

Over the past year, the price of sugar has increased significantly, and the stock exchange rate reached a 12-year high in September, which is a consequence of the increase in global demand and unfavorable weather conditions for sugar production. You have to prepare for the price increase In addition to the increase in global demand, the weather conditions in the main sugar-producing regions are not helping the crop either. India, the world's second-largest sugar producer, is bracing for export restrictions due to crop failures, while Brazil, the world's largest sugar producer, had a good crop. India experienced its worst monsoon season in five years, and other Asian producing countries such as Thailand, China and Pakistan also had weaker crops compared to the previous season. The situation is aggravated by the fact that the sugar beet harvest in Europe was also low due to the decreasing area sown and the summer drought. International news already indicates that India may introduce ...