Sugar spike: this isn’t the first time weak data and ad hoc policies are showing up in food prices

Sugarcane as an ethanol input has been on the decline. Blame sugar’s price upshoot on an overestimation of the season’s cane output and ad hoc policies. Untimely tweaks of export and import rules even as El Niño risks loom not only put food security at risk, but are also bad for the economy.
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