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Rising Sugar Prices Could Cause an Unhappy Halloween This Year
Sugar prices have risen exponentially this year and could translate into higher candy prices come Halloween. In particular, inclement weather has been a primary catalyst for lower supply, namely the emergence of El Niño. Nidhi Jain, associate specialist at The Smart Cube, said, “The intensity of the dry season that El Niño is set to influence this year could result in a 10%–15% reduction in sugarcane yield globally."