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Article: Sugar prices may rise.(NEWSLETTER)
- Article from:
- Candy Industry
- Article date:
- September 1, 2008
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Crop problems caused by rain in Brazil and India, the top producers of sugar, may cause sugar prices to rise, reported Reuters. In addition to the rains, the conversion of sugar cane to ethanol biofuel in Brazil has lowered the country's sugar supply.
The International Sugar Organization (ISO) predicts that as of this month, the supply of sugar will equal around 70 million tons (8-9 million more than last year). ...