Adverse weather, lower Brazil output, India's duty-free imports push global sugar prices up 11.9%: FAO

Global sugar prices rose sharply in August, driven by adverse weather and El Nino impacts. Lower production in Europe and Asia contributed to the significant price increase. India's decision to allow duty-free raw sugar imports also played a role. Other food commodity prices also saw increases during the same period. These price hikes signal growing concerns over global food supply stability.