In August 2024, world sugar prices were 23.2 percent lower than in the same period last year. And in one month, the decrease was 4.7 percent. The website of the Food and Agriculture Organization of the United Nations reported.
According to FAO, the price of sugar reached its lowest value since October 2022.
«The reduction recorded in August was mainly due to an increase in the production forecast for the 2024-2025 season in Thailand and India,» the statement says.
