Too much rain in Brazil, too little rain in India and too much sweet man in Trinidad and Tobago may cause sugar prices to go up all over the world as demand exceeds supply. The TTMA has already started to look for sympathy saying prices of their products will go up if something isn’t done. I think before manufacturers in Trinidad and Tobago complain about the price of sugar they must look inwardly and understand that chocolate and orange are more than colors.
All this is happening as dairy products and corned beef are starting to come down in price enough to give politicians something to boast about. It’s not the politicians’ fault that prices go up or come down. It never is.
But the increase in sugar prices might be a blessing in disguise because when people eat too much sugar they become fat and unhealthy, increasing the amount of foreign exchange a country spends on hospital beds, bolts of cloth, car suspension parts. Manufacturers should use this opportunity to not cry but to help reduce people’s health care demands by developing innovative products containing local products like mangoes, cassava, and shark and bake with a little ole talk.
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- Rain causes sugar to hit 28year high (telegraph.co.uk)