CATCH THE BUZZ
So What’s With The Price Of Sugar?
Maybe you’ve noticed. The price of table sugar has changed. It’s at a 28 year high right now, and folks aren’t at all confident it will go down soon. USDA expects sugar supplies to drop by 43% over the next year.
Analysts aren’t worried about empty supermarket shelves, but some sugar users are clamoring for a reduction in sugar trade barriers.
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But the shortage, or shortage story can be traced to the two main sugar producers in the world,
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Kraft and General Mills believe that the
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Benefiting from higher sugar prices, according to a Gerson-Lehman Group report will be marketers of imports in
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Analysts expect prices to remain high for at least one more growing season, so supply may improve by then, but the weather bats last.
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