Sugar prices have reached an all time high! This hike is directly linked to slumps in India’s sugar yields which dropped from 309 lakh tonnes in the previous year to roughly 299 lakh tonnes in the early months of 2022-23. On a global level, countries like Thailand, China and Pakistan are witnessing similar trends in their sugar stocks.
The Bittersweet Spike in Global Sugar Prices
The Bittersweet Spike in Global Sugar Prices
The Bittersweet Spike in Global Sugar Prices
Sugar prices have reached an all time high! This hike is directly linked to slumps in India’s sugar yields which dropped from 309 lakh tonnes in the previous year to roughly 299 lakh tonnes in the early months of 2022-23. On a global level, countries like Thailand, China and Pakistan are witnessing similar trends in their sugar stocks.