Hedge Unexpected Inflation With This Sugar ETF etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
Global Food Prices Fell in 2023, But Sugar Hit Record Highs etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
The global sugar market is likely to see a surge in prices in 2024 driven by an unusual dry spell in sugar-producing regions like India and Thailand. The dry spell is a knockdown effect of the climate pattern known as El Niño and is marked by above-average temperatures. Driven by warm ocean waters in the tropical Pacific, El Niño has caused extreme weather globally, leading to abnormally dry conditions in Asia and impacting sugar production. This effect leads some to say that El Niño has a “swee