Sugar Prices Hit 13-Year High Due To El Nino Fallout

[{"selector":"#anim-0b1b2cac-c2a8-44b7-bb4d-2dc7b9f4dc3e","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b6906c1-71fd-45db-8bbc-70fed2079f71","keyframes":{"transform":["translate3d(0px, 200.22911%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Sugar Prices Hit 13-Year High Due To El Nino Fallout

[{"selector":"#anim-428f2344-ef1d-4aed-8cc7-8b4e808baa85","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-06ae369b-add9-4385-bd22-55f88200f31d","keyframes":{"transform":["translate3d(0px, 188.21958%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Sugar prices have hit a 13-year high due to the El Nino weather phenomenon.

[{"selector":"#anim-86e567be-058b-40c5-9ad0-694f081e7357","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c9273f91-f286-4f1d-ab34-4be9bf7f5999","keyframes":{"transform":["translate3d(0px, 188.21958%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Food and Agriculture Organization (FAO) has reported the increase in sugar prices.

[{"selector":"#anim-d7e27102-920c-4c27-9d89-7973a0850b83","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d120d4f4-d196-4311-978b-e159f25babbc","keyframes":{"transform":["translate3d(0px, 188.21958%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The drought caused by El Nino has affected sugar production in major producing countries.

[{"selector":"#anim-f4de42f0-68e9-4860-9fa4-a8a9faecee77","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b5919540-fb40-4acd-a620-c543d196356e","keyframes":{"transform":["translate3d(0px, 188.21958%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Thailand, and Brazil are among the countries affected by the El Nino fallout.

[{"selector":"#anim-52ba9568-6211-4c0a-95de-3ed742b5e94d","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ab38cb2-b8f9-4142-ba3b-ea95a518409b","keyframes":{"transform":["translate3d(0px, 188.21958%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The decrease in sugar production has led to an increase in sugar prices.

[{"selector":"#anim-e71776bd-0399-4cac-ba83-018e5ab4205b","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41c72786-846c-448d-bf19-afe7cc18dcf4","keyframes":{"transform":["translate3d(0px, 188.21958%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The FAO predicts that sugar prices will remain high in the coming months.

[{"selector":"#anim-6a3f42ec-a685-44d1-8bb5-370b80c30c19","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce7fa089-54df-4a76-8146-8f8cca3effb5","keyframes":{"transform":["translate3d(0px, 188.21958%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Consumers may see an increase in the price of sugar-based products.

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