REPORTER: Sugar Prices on the Rise Despite Consumption Normalizing and No Projected Demand Growth
This article was originally featured in the Fall 2021 Edition of Urner Barry's Reporter magazine.
Historically, sugar consumption has been resilient through economic disasters, and we’ve seen the same through the COVID-19 global pandemic. While overall consumption levels were maintained, however, we did see changes in consumption patterns: As foodservice, beverage, and even confectionery consumption fell immediately following shelter-in-place policies, increased retail demand offset much of the declines as consumers took up new hobbies such as cooking and baking...
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