Climate Inflation: Climate crisis expected to put pressure on price of sugar, candied desserts as planet expected to only get warmer causing more droughts

Severe droughts in India and another throughout Thailand are now threatening something we all enjoy: sweets (of varying kinds.) According to reports, the cost of sugar and the basic desserts is climbing and expected to climb as crops continue to be affected by mother nature’s affliction for showing humans — she’s had enough.

The Lowdown

Guardian reports that the price of sugar in 2023 rose about 8.9% with more increases expected. An increase of at least 5.6% is expected this year. A wild drought in India has brought on major concerns of underproduction, coupled with another drought in Thailand both of which are the biggest exporters of sugar just ahead of Brazil.