Iran war is making the world a little less sweet as oil soars at the worst possible time for sugar
via fortune.com
Short excerpt below. Read at the original source.
Sugar and gasoline don’t have a lot in common, unless you’re in a sugarcane mill in Brazil, in which case they’re literally the same plant. Usually that’s a fun fact, but right now it’s a problem. Brazil is the world’s dominant sugar exporter—roughly 45% of everything traded globally. Every harvest, mills decide how much sugarcane […]