Sugar Prices: The sweetness of sugar is affected by the weather, the price is the highest in 13 years, this may affect your pocket.

Sugar Prices: The sweetness of sugar is affected by the weather, the price is the highest in 13 years, this may affect your pocket.

The festival season has arrived. There are going to be more festivals in the coming days. However, inflation is spoiling the festive mood of the people. People are especially troubled by the rising prices of food items. Meanwhile, people’s taste has started deteriorating due to sugar also. Sugar prices in the global market have reached the highest level in many years, which is putting pressure on the domestic market as well.

India’s contribution in this too

Food and Agriculture Organization According to a recent report, global sugar prices reached such a high level in the month of September, which is the highest in almost 13 years. According to F&O, India has also contributed in increasing the prices of sugar at the global level. The organization says that due to El Nino, sugarcane crops in India and Thailand have been affected. Its effect is visible on the prices of sugar.

Highest since November 2010

The United Nations Agriculture Agency said that overall food prices during the month of September Have increased rapidly. However, sugar prices have increased more than others. The F&O sugar price index increased by 9.8 percent during the month of September compared to August. Now the index has reached its highest level since November 2010.

The fear of this is haunting

F&O’s sugar price index has increased for the second consecutive month. Before the record rise in the month of September, a rise in this index was seen in the month of August also. The agency says that due to El Nino the scenario of sugarcane production has deteriorated. If sugarcane production is affected then sugar production will be directly affected. This fear has increased the prices of sugar. At present, there is no sign of relief from this.

Crude oil is also having an impact

Both India and Thailand are major global sugar producing countries. This year the sugarcane crop in both the countries has been affected by El Nino. El Nino is a seasonal development, which usually occurs once in 7 to 9 years and its effect is visible for 9 to 12 months. The United Nations agency says that apart from El Nino, the increased prices of crude oil are also increasing the prices of sugar.

Also read: Increased problems for international passengers, Air India’s Israel flights canceled till October 14

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