Steep rises in the prices of sugar and cocoa are set to hit sweet treat lovers’ wallets as extreme weather conditions hinder production, even as broader measures of food inflation ease off.
This month sugar prices hit their highest level in 12 years and cocoa futures reached a four-decade high, in a move which analysts said was likely to feed through into higher prices for hot drinks and confectionery.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased