Could global sugarcane super crop cut the cost of sugar?

Published 2024년 7월 11일

Tridge summary

The global cost of sugar has been rising steadily since 2011 due to poor yields of sugarcane in supplier countries like Thailand, leading to increased competition and concerns about supply. In response, the EU has granted duty-free access to the market for developing countries under the 'Everything but Arms' agreement. Researchers at the University of Florida are using CRISPR gene editing to improve sugarcane yields by optimizing leaf angle to enhance sunlight absorption. The team has successfully increased dry biomass yield in one sugarcane line by 18% through this approach. This breakthrough could potentially reduce the need for fertilizers and help stabilize supplies and reduce costs for manufacturers and consumers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The global cost of sugar has been rising steadily since 2011, raising significant concerns for manufacturers, which rely upon this sweet commodity to create their products. And it’s not just food and beverage manufacturers who are suffering. Consumers have also been hit as, in most cases, increased commodity costs have been passed onto them through rising product prices. This rise in the cost of sugar results primarily from of poor yields of sugarcane in supplier countries, including Thailand, leading to poor sugar supplies and increased competition. In fact, such is the fear amongst food and beverage manufacturers, that demand will begin to outstrip supply, the EU has granted duty-free access to the market for developing countries, under the ‘Everything but Arms’ agreement. It also brokered economic partnership agreements with African, Caribbean and Pacific nations, as a way of encouraging producer countries to continue to sell to the EU, over other markets. Now, the world of ...

Source: Beveragedaily