Business · Energy & Commodities · 1 day ago

Sugar prices rise more than 35% this year amid supply concerns

Sugar prices rise more than 35% this year amid supply concerns

Sugar prices have climbed more than 35% this year in international markets.

The price reached 20.27 cents per pound, compared with 15 cents at the end of last year.

This week, it rose to 21.24 cents, its highest level since December 2024.

Climate factors have narrowed global sugar supply.

Concerns about supply have helped push prices higher.

Rising energy prices, linked to geopolitical developments, are also influencing sugar prices.

The information available does not say what prices will do next.

Sources

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