[El Niño affects sugar production in sugar-producing countries and global sugar prices hit a new high in the past 13 years] The latest data released by the Food and Agriculture Organization of the United Nations on the 6th showed that in September this year, global sugar prices hit a new high in the past 13 years. FAO pointed out that the main reason for this phenomenon is that due to the impact of the El Niño phenomenon, the output of sugar-producing countries India and Thailand may decline, and the market is worried that sugar supply will tighten. Data show that the FAO food price index in September was 121.5 points, basically the same as 121.6 points in August. Among them, the sugar price index reached 162.7 points, a month-on-month increase of 9.8%. It has been on an upward trend for two consecutive months and is the highest point since November 2010. (CCTV)
