2 chapters across the catalog
Brazil Sugar Warehouse Fire and Global Price Spikes
A massive fire at the Port of Santos in Brazil destroyed 180,000 tons of raw sugar, causing international sugar prices to reach a one-year high. The incident affected warehouses owned by Copper Sucar, the world's largest sugar trader.
Sugar Price Triple, Obama Administration Commodities
Since President Obama took office in 2009, the price of sugar has nearly tripled, rising from approximately 11 cents per pound to a high of nearly 30 cents. While other commodities like gasoline have also seen increases, the sustained high price of sugar is noted alongside political "wars on sugar," such as Mayor Bloomberg's ban on large sugary drinks in New York City.
