The sweetness of sugar is going to decrease, the problems of many countries are going to increase.

Global Sugar Prices: Many countries of the world are facing the crisis of shortage of food and drink for almost a year. This time the victims of the crisis are not only developing or poor countries, but many big economies are also gasping for food. Now all the analysts were expecting relief on this front that instead of sweetness, sugar has made the taste bitter. The situation is such that now the apprehension of food crisis due to sugar is deepening.

so much difference in price

According to a Bloomberg news, the futures price of white sugar has seen a steady rise for the last few days. Due to this, its premium over raw sugar (jaggery or khand) has reached a six-month high. White sugar, the most active contract in London, rose 0.2 per cent, while raw sugar prices in New York fell 0.7 per cent. The gap between the two is now the widest since September 2022, leading to profit margins for processors. The outlook has improved.

Due to these reasons the yield is low.

It has been said in the news that the yield of sugarcane in many countries is worse than estimated. Because of this the buyers are facing problems. Low fertilizer use in Thailand, excess rainfall in India and drought in parts of Europe, Mexico and China have resulted in lower sugarcane yield estimates, which will ultimately result in lower sugar supply.

These signs are already visible

Thailand is the fourth largest producer of sugarcane in the world. Quoting Thai Sugar Millers Corp in the news, it has been told that 5 out of 57 millers in Thailand have already stopped crushing sugarcane, as they are apprehensive of low yield. Egypt and Algeria have taken several measures to stop the exit of sugar from their respective markets.

Relief will not be available from Brazil

One thing of relief for the global market is the supply from Brazil, but in the report of Bloomberg, it is feared that Brazil’s supply will be able to give special relief. In the news, Michael McDougall, Managing Director of Paragon Global Markets, says that Brazil may be the largest supplier of raw sugar, but Brazil’s production of refined ie white sugar is low.

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