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Monday, April 29, 2024

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 U.S. and

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