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Sugar Is Surging in Price. Why Your Favorite Cookies Will Soon Cost More.

Por: MarketWatch Business May 12, 2023

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In recent weeks, the raw sugar-cane futures contract—the international benchmark—for delivery in May, surged to more than 27 cents a pound, the highest level since October 2011. On Thursday, the futures contract for July delivery closed just above 26 cents a pound in New York. Refined sugar prices are also rising, which could feed into higher retail prices for goods in grocery stores. “We’ve gone from an expected sugar surplus this year... + full article



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