Now, There’s a Sugar Shortage

The root of the problem lies with U.S. agriculture policy requiring that at least 85% of U.S. sugar purchases come from domestic processors, leading to tight supplies and high prices when demand rises. U.S. raw cane sugar prices climbed to 42.56 cents a pound in May, the highest since January 2011. buyers have begun to reserve sugar in advance, which could keep prices elevated. Read what’s happening here.