Climate change bumps global sugar costs

Published 2024년 1월 17일

Tridge summary

The climate crisis is impacting the global cost of sugar, which has surged to its highest level since 2011 due to underproduction concerns in India and Thailand caused by extreme dry spells and severe droughts. This has led to price increases for sugar, sweets, chocolate, and other desserts, with US consumers seeing an 8.9% increase in 2023 and expecting a 5.6% increase in 2024. Climate change is also expected to cause worldwide food inflation of up to 3% a year by the 2030s if major adaptive work is not undertaken, threatening the availability and price of food.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This story was originally published by The Guardian and appears here as part of the Climate Desk collaboration. The climate crisis has been previously identified as a threat to coffee and beer, and its impact could now be stretching to another of life’s joys: dessert. The global cost of sugar has surged to its highest level since 2011 following concerns of underproduction rates from India, which has experienced an extreme dry spell that has threatened crops, and Thailand, which is facing a severe drought. The two countries are the largest exporters of sugar, after Brazil. Rising global temperatures – 2023 is expected to be widely confirmed as the hottest year ever recorded – are fueling droughts and other extreme weather that affect food yields, including that of sugar. The price hike has already started to filter down to chocolate, sweets and other desserts. US consumers saw prices for sugar and sweets rise by 8.9% in 2023 and a 5.6% increase is expected this year, according to ...

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