The climate crisis has been previously identified as a threat to coffee and beer, and its impact could now be stretching to another of life’s joys: dessert.
The global cost of sugar has surged to its highest level since 2011 following concerns of underproduction rates from India, which has experienced an extreme dry spell that has threatened crops, and Thailand, which is facing a severe drought. The two countries are the largest exporters of sugar, after Brazil.
Rising global temperatures – 2023 is expected to be widely confirmed as the hottest year ever recorded – are fueling droughts and other extreme weather that affect food yields, including that of sugar. The price hike has already started to filter down to chocolate, sweets and other desserts.
Oh look, another articles explaining why prices are going up faster than inflation. Except it didn’t actually explain anything and just tries to make it seem like it isn’t “greed”.