Sugar Prices Hit 13-Year High Due To El Nino Fallout
Sugar prices have hit a 13-year high due to the El Nino weather phenomenon.
The Food and Agriculture Organization (FAO) has reported the increase in sugar prices.
The drought caused by El Nino has affected sugar production in major producing countries.
Thailand, and Brazil are among the countries affected by the El Nino fallout.
The decrease in sugar production has led to an increase in sugar prices.
The FAO predicts that sugar prices will remain high in the coming months.
Consumers may see an increase in the price of sugar-based products.