Sugar price spike to stay for 2021, with varying impact for companies
Although sugar industry's fundamentals could push prices higher, analysts warn that volatility is expected
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SUGAR prices have been on the rise as the world recovers from the Covid-19 pandemic. A confluence of dry weather conditions and low production levels have kept global sugar supply tight.
Higher crude oil prices, which can lead to increased demand for cane-based ethanol as a fuel substitute, have also pushed sugar prices up.
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