Sugar price increases towards

After in 2009 the price of sugar almost doubled, this year resulted a new peak, have not seen since January 1981.

The main reasons of the price boom are: the world's largest consumer India was facing a very dry weather and forced to import sugar. Meanwhile in Brazil, which is the world's largest producer, the excessive rains have weakened the yield. Russia is also forced to crop imports due to extreme weather conditions. In China the production volume will be smaller because of the Chinese planted less amount. In Mexico, the yield decreased by 11 percent, so Mexico should import sugar too – reports portfolio.hu.