Why prices for chocolate and lollies could jump | The Business | ABC NEWS
India is the world’s second-largest sugar producer and its biggest consumer. But this year, a record-setting El Niño weather system has sent warm ocean conditions across the Pacific, weakening the monsoon season. For sugarcane growers, their crops have struggled to grow. Bhargabi Bharadwaj, an expert in food system risks at Chatham House, says India’s sugar production has not crashed, but uncertainty is adding to a general strain.
According to the latest figures from the United Nations Food and Agriculture Organisation, global sugar prices rose by 6.6 per cent in October — the fourth consecutive monthly rise, hitting the highest level since April last year. It’s bringing some relief to Australian growers with prices for this year’s crop jumping by more than $150 a tonne since August.
Analysis by ANZ Bank found the sugar squeeze, coupled with higher cocoa prices, has made chocolate and lollies more expensive to manufacture and could see retail prices jump.
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Read more here: https://www.abc.net.au/news/2026-11-11/india-sugar-prices-rise-as-super-el-nino-weakens-monsoon/107339514
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