Another Great Reason to Stop Eating Sugar

The Washington Post
Tuesday, June 6, 2023
Europeans with a sweet tooth are having a bad summer. The market price of sugar has soared 80% in the past year, pushing up the cost of soft drinks, candy and ice cream. Though health officials probably think no price is high enough, sugar makes other food inflation look tame — and far less sticky. Sugar producers like Germany’s Suedzucker AG expect these massive price hikes to hold into the coming months, and they are cashing in. Sugar remains cheap in absolute terms, with cost increases mostly reflecting pressures beyond manufacturers’ control. Nevertheless, their high earnings will further fuel the “greedflation” debate amid a cost-of-living crisis.
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