Sugar’s Biggest Jump Since 2008 Is a Fresh Threat to Food Prices
- Poor weather in top producer Brazil threatens sugar production
- Sugar’s surge puts pressure on foodmakers, risks price rises
Raw sugar.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
Sugar prices are surging as fires and drought slam fields in top grower Brazil, threatening higher costs for sweets and desserts.
Raw sugar futures headed for their biggest weekly gain in 16 years, as traders digested the extent of crop damage from the blazes and a blistering heat wave in the nation.