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Is Sugar the new white gold

Updated: Jul 29, 2023

The manufacturing of sugar is one of the most energy-intensive businesses, and it is particularly dependent on gas in the European Union this year due to key producer price increases. Russia has drastically reduced supplies After a heatwave hampered this year's harvest, Europe is forced to import more sugar, and food makers are finding it more expensive to secure supply. In the near future, businesses sourcing sugar for candies, cakes, and soft drinks are paying far more than usual. As a result, their profit margins are being reduced, and some may possibly face bankruptcy.

Another factor driving increasing sugar prices is ethanol. Due to problems with fuel delivery from Russia, the biofuel, which is primarily made from sugar cane and beet, has once more seen increasing utilization.


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