Many experts expected a rise in sugar prices in the coming period, due to several prominent factors during the current period, which confirm that there is a possible increase in the price of a ton of sugar, which many citizens fear, especially since sugar is a product that all segments of society depend on, and this year has risen. several times.
Content Plus, reviews, in the following lines, the expectations of experiences with the rise in sugar prices, and the reasons for the rise:
Sugar price hike
The most important reason for the rise in sugar prices in the recent past is the drought in Brazil, the largest world producer, in addition to the restriction of sugar exports in India, the second largest global producer after Brazil, according to Archyde.com.
In the same context, Standard & Poor’s Global Commodity Insights conducted a poll of 10 analysts on May 9, and showed that total sugar production in the central and southern region of Brazil will decline by 49.5 percent year on year, recording 769,400 metric tons.