Sugar prices hit 13-year high due to El Nino fallout: FAO

Sugar prices hit 13-year high due to El Nino fallout: FAO

Energy Daily

Published

Paris (AFP) Oct 6, 2023

Global sugar prices soared to their highest level in almost 13 years in September as the El Nino weather phenomenon hit production in India and Thailand, the Food and Agriculture Organization said Friday. While world food prices steadied as a whole last month, the FAO's Sugar Price Index jumped by 9.8 percent compared to August, the highest point since November 2010, the UN agency said.

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