With Halloween coming up, things are all doomy
World sugar shortage due to extreme weather threatening Halloween candy prices
Extreme weather has dealt major blows to the sugar industry worldwide this year, which could cost you more cash to fill up the trick-or-treat bags.
“This has been a very tough year for global sugar. If you look at the top ten producing countries this year, six of them have had extreme weather,” Chief Meteorologist at Everstream Analytics, John Davis, told FOX Weather. “And the ramification of that is higher prices for anything that you use sugar for, including candy.”
He points to drought in Thailand, the fourth-largest producer, cutting production by almost a quarter.
India, the US and Europe suffered flooding, representing the second, sixth and third top producers.
Everstream said that extreme weather is expected to decrease the global sugar supply by 10% to 15% over the 2023/24 growing season.
“Expected”. Will it or won’t it? Because there’s pretty much been a glut of sugar on the market, so, even a 10% to 15% decrease is no big deal. Was it Bad Weather that caused this?
(Nasdaq) Brazil’s sugar production in 2023/24 (April-March) is expected to be its largest ever in a season, with export volumes of the sweetener hitting a record high, consultancy Job Economia said in a report published on Thursday.
Brazil’s total sugar output, from all producing regions, was estimated at 42.7 million metric tons, 2.3 million tons more than Job Economia’s initial estimate and compared to 37 million tons in 2022/23, as the weather has been near perfect this season for crop growth and processing.
Was it Bad Weather that saw India have a record sugar crop last year?
“Sugar prices are the subject of conversation, but we are not in a scarcity situation with sugar supply, and we don’t anticipate any disruptions,” Todd Scott, senior communications manager at The Hershey Company, told FOX Weather in July. “Similarly, the price of sugar does not have an impact on our Halloween.”
And it is not just Halloween candy and baked goods seeing a price hike. Sugar can be used to make ethanol fuel.
Maybe we shouldn’t be using “food” for bad fuel. Anyhow, weather happens. Such is life on Earth. Still your fault.
See! Mother Gaia is fighting obesity!
Exactly. I don’t see a down side to this. Hand out celery stalks for Halloween.