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Business Daily

Factual: Money

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Business Daily: The sugar price surge

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The sugar price surge

12/03/2024 GMT

BBC World Service - Business Daily, The sugar price surge

Why has the cost of the commodity gone up?

We trace the commodity’s journey from sugar cane farm, to mill, to candy shop, all in a quest to find out why the cost of sugar has gone up.
 
The US is the world's fifth largest sugar producer, with sugarcane grown in the south and sugar beets in the north.
 
Even though the cost of sugar is rising worldwide, Americans pay twice as much as the global average for sugar because of a government policy.
 
Brought about to protect domestic producers, a protectionist policy taxing imports of sugar is actually creating higher prices, a report by the government accountability office found in October.

We travel from a candy story in New York, to a sugarcane farm and mill in Louisiana, to find out what the impact will be.

Presented and produced by Erin Delmore
Additional sound mixing by Cameron Ward and Helen Thomas

(Image: A worker climbs onto a front loader beside a pile of raw cane sugar inside a storehouse at a sugar mill in Louisiana. Credit: Getty Images)

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