{"content_id":"wgkoyc6jix","slug":"global-sugar-prices-2026-food-inflation","locale":"en","schema_type":"Article","category":"trends","category_name":"Trends","title":"Global Sugar Price Surge in 2026: Causes and Food Prices","summary":"In August 2026, the FAO Sugar Price Index rose 11.9% from the previous month. Poor crop conditions and supply concerns drove prices higher, but how much of the increase is reflected in domestic food prices depends on exchange rates, contract timing, and inventories.","sponsorship_disclosure":null,"affiliate_disclosure":null,"commerce_disclosure":null,"author":{"name":"Injoys Editorial Team","url":"https://injoys.com/ko/about"},"key_points":["The FAO Sugar Price Index reached 106.4 points in August 2026, up 11.9% from the previous month.","Hot, dry weather in Europe and El Niño-related weather concerns in Asia affected the outlook for sugar supplies.","Brazilian sugarcane is used to produce both sugar and ethanol, so it is also affected by energy prices.","The increase in raw sugar futures prices should not be interpreted as the rate of increase in domestic sugar or processed food prices.","Refining sugar domestically is not the same as producing sugar raw materials domestically."],"content_markdown":"International sugar prices rose due to worsening crop conditions in major producing regions and concerns about supply shortages. In August 2026, the FAO Sugar Price Index rose 11.9% from the previous month. The extent to which this is reflected in domestic food prices varies depending on exchange rates and inventories.\n\nThe price index is based on FAO's September 4, 2026 release.\n\n## How much have international sugar prices risen?\n\nSugar prices rose in August 2026, but the rate of increase varies by indicator. The FAO index and exchange-traded futures prices are not the same figures. The period and calculation method must be distinguished when interpreting the size of the increase.\n\nFAO's August Sugar Price Index was 106.4 points. It rose 11.3 points, or 11.9%, from the previous month. The Food Price Index was 133.3 points, up 1.9% from the previous month. [FAO Food Price Index](https://www.fao.org/worldfoodsituation/foodpricesindex)\n\n| Indicator | Period covered | Confirmed change | Points to note when interpreting |\n|---|---|---|---|\n| FAO Sugar Price Index | August 2026, month over month | Up 11.9% | Monthly trend in international sugar prices |\n| FAO Food Price Index | August 2026, month over month | Up 1.9% | Overall trend in food groups, including sugar |\n| Reported sugar futures prices | August 2026 | Up 21.5% | Market prices calculated on a different basis from the FAO index |\n\nYonhap Infomax reported on September 7 that sugar had risen 21.5% for the month. The figure was cited from a CNBC report. The article described it as the largest monthly increase since October 2010. [Yonhap Infomax report](https://v.daum.net/v/20260907115301522)\n\nThe same article put the increase in sugar futures since the beginning of the year at more than 20%. The S\u0026P500 index, used for comparison, had risen about 13%. However, the article did not specify the exact comparison date or the futures contract month. This figure therefore should not be presented as the return as of September 18.\n\n## Which indicators are used to compare sugar prices?\n\nRaw sugar futures, white sugar prices, and retail prices cover different products. Raw sugar is a sugar material used for further refining. White sugar refers to a refined product.\n\n| Category | What it represents | What to check |\n|---|---|---|\n| Raw sugar futures | Contract price for raw sugar to be delivered at a set time | Contract month, trading date, price unit |\n| White sugar futures | Contract price for refined sugar | Differences in quality and units from raw sugar |\n| FAO Sugar Price Index | Monthly change in international sugar prices | Base period and distinction between month-over-month and year-over-year changes |\n| Domestic sugar retail price | Price of products after refining, packaging, and distribution | Weight, seller, and whether a discount applies |\n| Processed food prices | Final prices combining multiple ingredients and costs | Product composition, size, and terms of sale |\n\nICE's Sugar No. 11 Futures contract specifications define the quotation unit as follows.\n\n\u003e Cents and hundredths of a cent per pound to two decimal places\n\u003e\n\u003e Source: ICE, Sugar No. 11 Futures contract specifications\n\nIn other words, raw sugar prices are quoted in U.S. cents per pound. This price cannot be compared directly with the price of domestic sugar in won per kilogram. In addition to unit conversion, exchange rates and refining costs must be considered. [ICE contract specifications](https://www.ice.com/products/23)\n\n## How do extreme heat and El Niño affect sugar supplies?\n\nHigh temperatures and changes in rainfall affect the yields of sugar crops. The main sugar crops are sugar beets and sugarcane. Europe is closely associated with sugar beet production, while Brazil, India, and Thailand are major sugarcane producers.\n\nFAO cited hot, dry conditions in Europe as a reason for the August price increase. A decline in Europe's sugar beet planting area had also been expected. In Asia, weather associated with El Niño was identified as a risk to the production outlook. [FAO's August 2026 analysis](https://www.fao.org/worldfoodsituation/foodpricesindex)\n\n| Producing region | Conditions affecting supply | Points to distinguish |\n|---|---|---|\n| European Union | Reduced sugar beet planting area and hot, dry conditions | Planting area and yield per unit of area are separate variables |\n| India, Thailand, and other parts of Asia | Changes in rainfall associated with El Niño | Production forecasts differ from final harvest results |\n| Brazil | Crop conditions and allocation between sugar and ethanol production | Production volumes are difficult to explain through weather alone |\n\nThe British farmers' organization NFU reported the EU's production outlook for the next season. The sugar production forecast for 2026/27 is 13.4 million tons. Production in 2025/26, the comparison period, was about 16.6 million tons. This is not a finalized result from a completed harvest. [NFU analysis of EU sugar supply and demand](https://www.nfuonline.com/news/the-beet-brief-weather-and-speculation-drive-a-rally-in-the-global-market/)\n\nEl Niño does not cause the same drought conditions in every producing region. Its effects vary by region and season. FAO also distinguishes between rainfall shortages and excess rainfall by region. [FAO explanation of El Niño](https://www.fao.org/el-nino/en)\n\n## Why do international oil prices and ethanol affect sugar prices?\n\nIf more sugarcane is used to produce ethanol, the amount available for sugar may decrease. Ethanol is a fuel blended with gasoline. In Brazil, the relative profitability of sugar and ethanol affects production allocation.\n\nHigher oil prices can make ethanol relatively more attractive. However, sugar prices also move at the same time. Mill equipment and sales contracts also limit production choices. The decline in sugar production cannot be calculated from an increase in oil prices alone.\n\nOECD and FAO view this production allocation as a source of uncertainty in the sugar market. Geopolitical tensions can also affect transportation and energy costs. This is an indirect route through which war can affect sugar prices. [Sugar analysis in the OECD-FAO Agricultural Outlook](https://www.oecd.org/en/publications/oecd-fao-agricultural-outlook-2026-2035_47874669-en/full-report/sugar_358565e5.html)\n\nThe phrase \"half of sugar is energy\" does not describe a share of global production. It is closer to a metaphor for the connection between food and fuel markets. Actual allocation ratios must be checked by country and production year.\n\n## What do India's expanded imports and export restrictions mean?\n\nIndia's expanded raw sugar imports create additional purchasing demand in the international market. APEDA has posted an import allocation notice dated August 20, 2026. The notice covers 1 million tons of raw sugar. FAO also cited India's announcement of duty-free imports as a factor behind the price increase. [APEDA's list of DGFT public notices](https://apeda.gov.in/dgft-public-notice)\n\nExport restrictions reduce the amount available for purchase by other countries. However, export bans may include exceptions and time limits. India's measures should be checked in DGFT Notification No. 16/2026-27. The statement that \"all exports have stopped\" should be used only after checking the exceptions. [Reproduced notification](https://taxguru.in/dgft/dgft-prohibits-sugar-exports-30th-september-2026.html)\n\nThe permitted volume of raw sugar imports differs from the volume that has actually arrived. Refining and domestic sales after import also take time. It is therefore difficult to conclude from an import announcement alone that a supply shortage has been resolved.\n\n## Domestic food price effects by condition\n\nHigher international prices are not passed directly through to domestic retail prices. Korean sugar companies import raw sugar and refine it domestically. Domestic manufacturing and domestic production of raw materials are different concepts.\n\nMaterials released by the Ministry of Agriculture, Food and Rural Affairs in 2023 also explain this import and refining structure. At the time, inventories already secured were presented as a buffer against price shocks. This explanation is a past example showing the role of inventories. It does not indicate current inventory levels. [International sugar price trends and outlook](https://www.mafra.go.kr/bbs/home/792/572708/download.do)\n\nThe following table explains each condition derived from the import and refining structure. Whether and to what extent each condition is currently met must be checked separately.\n\n| Condition | Potential effect on domestic costs | Data needed for confirmation |\n|---|---|---|\n| Increase in international raw sugar prices | Higher raw material costs for new contracts | Raw sugar purchase contract prices |\n| Weakening won | Higher won value of the same dollar price | Settlement exchange rates and fixed-rate contracts |\n| Existing inventories | Delayed pass-through of new prices | Inventories and usage plans by company |\n| Higher freight and energy costs | Higher import and refining costs | Transportation contracts and mill energy costs |\n| Lower import tariffs | Reduced tax burden on covered volumes | Implementation period and covered items |\n| Differences in sugar use by product | Different cost burdens for each product | Formulation and overall cost structure |\n\nConfectionery, bread, beverages, and ice cream are representative products that use sugar. However, sugar accounts for a different share of total costs in each product. Packaging materials and labor costs also affect retail prices. This is why the increase in product prices cannot be determined from the increase in raw sugar prices alone.\n\nPast temporary tariff reductions also should not be treated as current policy. Whether they apply depends on the tariff rules in effect when the goods are imported. Measures described in the 2023 materials cannot be assumed to still apply in 2026.\n\n## How do wheat and corn prices affect food costs?\n\nGrains affect food costs through food ingredients and livestock feed. Wheat prices are linked to the cost of products that use flour. Feed grain prices can affect livestock production costs.\n\nThe Herald Business reported KREI's outlook in its September 2026 International Grains report. All figures below are quarter-over-quarter forecasts for the third quarter of 2026. They are not finalized consumer price inflation rates. [Report citing the KREI outlook](https://news.nate.com/view/20260906n01384)\n\n| Indicator | Third-quarter 2026 outlook | Meaning |\n|---|---|---|\n| International grain futures price index | Up 6.2% | Price trend in international futures markets |\n| Food grain import unit price index | Up 0.2% | Import cost trend for food grains |\n| Feed grain import unit price index | Up 0.9% | Import cost trend for feed grains |\n\nThe report cited concerns about Black Sea export disruptions as a factor affecting wheat prices. High temperatures in the U.S. Midwest were mentioned as a concern for corn. Higher feed costs can raise the production costs of meat and eggs. Actual retail prices are also affected by the scale of livestock operations and demand.\n\n## Can sugar-free products also face price pressure?\n\nSugar-free products can also be affected by other ingredients and costs. Whether sugar is used cannot explain the full cost of a product. A sugar-free label does not also mean price stability.\n\n| Product composition or condition | Costs to consider separately | Why they should be distinguished from sugar prices |\n|---|---|---|\n| Products that use milk | Milk and dairy product prices | Dairy products may still be needed even when sugar is reduced |\n| Products that use coffee | Coffee bean prices | Coffee supply conditions are separate from sugar |\n| Products that use flour | Wheat and flour prices | They are affected by grain markets |\n| Products that use imported ingredients | Exchange rates and freight costs | Import costs arise even when no sugar is used |\n\nThis table explains costs based on product composition. It does not predict price increases for any specific sugar-free product. For individual products, the actual ingredient composition and price announcements should be checked together.\n\nIt is also difficult to conclude that global sugar demand will decline solely because sugar-free products are becoming more widespread. OECD-FAO explains that consumption trends vary by region. Changes in consumption in some regions do not represent total global demand. [OECD-FAO sugar consumption outlook](https://www.oecd.org/en/publications/oecd-fao-agricultural-outlook-2026-2035_47874669-en/full-report/sugar_358565e5.html)\n\n## Common mistakes when reading sugar price news\n\nLeaving out the type of price and the date can give the same figure a different meaning. Forecasts and actual results should not be mixed in particular. The following points are often confused in price reports.\n\n| Common interpretation | What should be checked |\n|---|---|\n| If raw sugar rises, confectionery prices rise by the same percentage | Sugar's share of costs and other costs |\n| Sugar made domestically uses domestically produced raw materials | Origin of the raw sugar and whether it is refined domestically |\n| The self-sufficiency rate for sugars is the same as the sugarcane self-sufficiency rate | Items included in the statistics and calculation method |\n| A decline in the production forecast is a shortage that has already occurred | Production year, inventories, and available import volumes |\n| A futures price increase is the actual investment return | Traded product, contract rollover costs, and comparison period |\n| A past tariff reduction still applies | Rules currently in force and their expiration dates |\n\n## How should purchase prices be compared?\n\nThe purchase burden can be compared by looking at the amount paid for the same quantity. Grocery costs cannot be calculated from international futures prices alone. Check both the weight and the actual amount paid for products you buy frequently.\n\n1. Check the weight or volume of the same product.\n2. Check the actual amount paid after applying discount conditions.\n3. Divide the amount paid by the weight or volume to compare unit prices.\n4. Even if the price is unchanged, check whether the quantity has changed.\n\nBusinesses that purchase sugar directly should also check the effective date of delivery quotes. It is helpful for quotes to state whether delivery fees and taxes are included. An actual purchase contract is needed to compare changes in international market prices with delivery prices.","content_html":"\u003cp\u003eInternational sugar prices rose due to worsening crop conditions in major producing regions and concerns about supply shortages. In August 2026, the FAO Sugar Price Index rose 11.9% from the previous month. The extent to which this is reflected in domestic food prices varies depending on exchange rates and inventories.\u003c/p\u003e\n\u003cp\u003eThe price index is based on FAO's September 4, 2026 release.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-much-have-international-sugar-prices-risen\" class=\"anchor\" id=\"how-much-have-international-sugar-prices-risen\"\u003e\u003c/a\u003eHow much have international sugar prices risen?\u003c/h2\u003e\n\u003cp\u003eSugar prices rose in August 2026, but the rate of increase varies by indicator. The FAO index and exchange-traded futures prices are not the same figures. The period and calculation method must be distinguished when interpreting the size of the increase.\u003c/p\u003e\n\u003cp\u003eFAO's August Sugar Price Index was 106.4 points. It rose 11.3 points, or 11.9%, from the previous month. The Food Price Index was 133.3 points, up 1.9% from the previous month. \u003ca href=\"https://www.fao.org/worldfoodsituation/foodpricesindex\"\u003eFAO Food Price Index\u003c/a\u003e\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eIndicator\u003c/th\u003e\n\u003cth\u003ePeriod covered\u003c/th\u003e\n\u003cth\u003eConfirmed change\u003c/th\u003e\n\u003cth\u003ePoints to note when interpreting\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003eFAO Sugar Price Index\u003c/td\u003e\n\u003ctd data-label=\"Period covered\"\u003eAugust 2026, month over month\u003c/td\u003e\n\u003ctd data-label=\"Confirmed change\"\u003eUp 11.9%\u003c/td\u003e\n\u003ctd data-label=\"Points to note when interpreting\"\u003eMonthly trend in international sugar prices\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003eFAO Food Price Index\u003c/td\u003e\n\u003ctd data-label=\"Period covered\"\u003eAugust 2026, month over month\u003c/td\u003e\n\u003ctd data-label=\"Confirmed change\"\u003eUp 1.9%\u003c/td\u003e\n\u003ctd data-label=\"Points to note when interpreting\"\u003eOverall trend in food groups, including sugar\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003eReported sugar futures prices\u003c/td\u003e\n\u003ctd data-label=\"Period covered\"\u003eAugust 2026\u003c/td\u003e\n\u003ctd data-label=\"Confirmed change\"\u003eUp 21.5%\u003c/td\u003e\n\u003ctd data-label=\"Points to note when interpreting\"\u003eMarket prices calculated on a different basis from the FAO index\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eYonhap Infomax reported on September 7 that sugar had risen 21.5% for the month. The figure was cited from a CNBC report. The article described it as the largest monthly increase since October 2010. \u003ca href=\"https://v.daum.net/v/20260907115301522\"\u003eYonhap Infomax report\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eThe same article put the increase in sugar futures since the beginning of the year at more than 20%. The S\u0026amp;P500 index, used for comparison, had risen about 13%. However, the article did not specify the exact comparison date or the futures contract month. This figure therefore should not be presented as the return as of September 18.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#which-indicators-are-used-to-compare-sugar-prices\" class=\"anchor\" id=\"which-indicators-are-used-to-compare-sugar-prices\"\u003e\u003c/a\u003eWhich indicators are used to compare sugar prices?\u003c/h2\u003e\n\u003cp\u003eRaw sugar futures, white sugar prices, and retail prices cover different products. Raw sugar is a sugar material used for further refining. White sugar refers to a refined product.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCategory\u003c/th\u003e\n\u003cth\u003eWhat it represents\u003c/th\u003e\n\u003cth\u003eWhat to check\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eRaw sugar futures\u003c/td\u003e\n\u003ctd data-label=\"What it represents\"\u003eContract price for raw sugar to be delivered at a set time\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eContract month, trading date, price unit\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eWhite sugar futures\u003c/td\u003e\n\u003ctd data-label=\"What it represents\"\u003eContract price for refined sugar\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eDifferences in quality and units from raw sugar\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eFAO Sugar Price Index\u003c/td\u003e\n\u003ctd data-label=\"What it represents\"\u003eMonthly change in international sugar prices\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eBase period and distinction between month-over-month and year-over-year changes\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eDomestic sugar retail price\u003c/td\u003e\n\u003ctd data-label=\"What it represents\"\u003ePrice of products after refining, packaging, and distribution\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eWeight, seller, and whether a discount applies\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Category\"\u003eProcessed food prices\u003c/td\u003e\n\u003ctd data-label=\"What it represents\"\u003eFinal prices combining multiple ingredients and costs\u003c/td\u003e\n\u003ctd data-label=\"What to check\"\u003eProduct composition, size, and terms of sale\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eICE's Sugar No. 11 Futures contract specifications define the quotation unit as follows.\u003c/p\u003e\n\u003cblockquote\u003e\n\u003cp\u003eCents and hundredths of a cent per pound to two decimal places\u003c/p\u003e\n\u003cp\u003eSource: ICE, Sugar No. 11 Futures contract specifications\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003cp\u003eIn other words, raw sugar prices are quoted in U.S. cents per pound. This price cannot be compared directly with the price of domestic sugar in won per kilogram. In addition to unit conversion, exchange rates and refining costs must be considered. \u003ca href=\"https://www.ice.com/products/23\"\u003eICE contract specifications\u003c/a\u003e\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-do-extreme-heat-and-el-ni%C3%B1o-affect-sugar-supplies\" class=\"anchor\" id=\"how-do-extreme-heat-and-el-niño-affect-sugar-supplies\"\u003e\u003c/a\u003eHow do extreme heat and El Niño affect sugar supplies?\u003c/h2\u003e\n\u003cp\u003eHigh temperatures and changes in rainfall affect the yields of sugar crops. The main sugar crops are sugar beets and sugarcane. Europe is closely associated with sugar beet production, while Brazil, India, and Thailand are major sugarcane producers.\u003c/p\u003e\n\u003cp\u003eFAO cited hot, dry conditions in Europe as a reason for the August price increase. A decline in Europe's sugar beet planting area had also been expected. In Asia, weather associated with El Niño was identified as a risk to the production outlook. \u003ca href=\"https://www.fao.org/worldfoodsituation/foodpricesindex\"\u003eFAO's August 2026 analysis\u003c/a\u003e\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eProducing region\u003c/th\u003e\n\u003cth\u003eConditions affecting supply\u003c/th\u003e\n\u003cth\u003ePoints to distinguish\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Producing region\"\u003eEuropean Union\u003c/td\u003e\n\u003ctd data-label=\"Conditions affecting supply\"\u003eReduced sugar beet planting area and hot, dry conditions\u003c/td\u003e\n\u003ctd data-label=\"Points to distinguish\"\u003ePlanting area and yield per unit of area are separate variables\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Producing region\"\u003eIndia, Thailand, and other parts of Asia\u003c/td\u003e\n\u003ctd data-label=\"Conditions affecting supply\"\u003eChanges in rainfall associated with El Niño\u003c/td\u003e\n\u003ctd data-label=\"Points to distinguish\"\u003eProduction forecasts differ from final harvest results\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Producing region\"\u003eBrazil\u003c/td\u003e\n\u003ctd data-label=\"Conditions affecting supply\"\u003eCrop conditions and allocation between sugar and ethanol production\u003c/td\u003e\n\u003ctd data-label=\"Points to distinguish\"\u003eProduction volumes are difficult to explain through weather alone\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe British farmers' organization NFU reported the EU's production outlook for the next season. The sugar production forecast for 2026/27 is 13.4 million tons. Production in 2025/26, the comparison period, was about 16.6 million tons. This is not a finalized result from a completed harvest. \u003ca href=\"https://www.nfuonline.com/news/the-beet-brief-weather-and-speculation-drive-a-rally-in-the-global-market/\"\u003eNFU analysis of EU sugar supply and demand\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eEl Niño does not cause the same drought conditions in every producing region. Its effects vary by region and season. FAO also distinguishes between rainfall shortages and excess rainfall by region. \u003ca href=\"https://www.fao.org/el-nino/en\"\u003eFAO explanation of El Niño\u003c/a\u003e\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#why-do-international-oil-prices-and-ethanol-affect-sugar-prices\" class=\"anchor\" id=\"why-do-international-oil-prices-and-ethanol-affect-sugar-prices\"\u003e\u003c/a\u003eWhy do international oil prices and ethanol affect sugar prices?\u003c/h2\u003e\n\u003cp\u003eIf more sugarcane is used to produce ethanol, the amount available for sugar may decrease. Ethanol is a fuel blended with gasoline. In Brazil, the relative profitability of sugar and ethanol affects production allocation.\u003c/p\u003e\n\u003cp\u003eHigher oil prices can make ethanol relatively more attractive. However, sugar prices also move at the same time. Mill equipment and sales contracts also limit production choices. The decline in sugar production cannot be calculated from an increase in oil prices alone.\u003c/p\u003e\n\u003cp\u003eOECD and FAO view this production allocation as a source of uncertainty in the sugar market. Geopolitical tensions can also affect transportation and energy costs. This is an indirect route through which war can affect sugar prices. \u003ca href=\"https://www.oecd.org/en/publications/oecd-fao-agricultural-outlook-2026-2035_47874669-en/full-report/sugar_358565e5.html\"\u003eSugar analysis in the OECD-FAO Agricultural Outlook\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eThe phrase \"half of sugar is energy\" does not describe a share of global production. It is closer to a metaphor for the connection between food and fuel markets. Actual allocation ratios must be checked by country and production year.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#what-do-indias-expanded-imports-and-export-restrictions-mean\" class=\"anchor\" id=\"what-do-indias-expanded-imports-and-export-restrictions-mean\"\u003e\u003c/a\u003eWhat do India's expanded imports and export restrictions mean?\u003c/h2\u003e\n\u003cp\u003eIndia's expanded raw sugar imports create additional purchasing demand in the international market. APEDA has posted an import allocation notice dated August 20, 2026. The notice covers 1 million tons of raw sugar. FAO also cited India's announcement of duty-free imports as a factor behind the price increase. \u003ca href=\"https://apeda.gov.in/dgft-public-notice\"\u003eAPEDA's list of DGFT public notices\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eExport restrictions reduce the amount available for purchase by other countries. However, export bans may include exceptions and time limits. India's measures should be checked in DGFT Notification No. 16/2026-27. The statement that \"all exports have stopped\" should be used only after checking the exceptions. \u003ca href=\"https://taxguru.in/dgft/dgft-prohibits-sugar-exports-30th-september-2026.html\"\u003eReproduced notification\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eThe permitted volume of raw sugar imports differs from the volume that has actually arrived. Refining and domestic sales after import also take time. It is therefore difficult to conclude from an import announcement alone that a supply shortage has been resolved.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#domestic-food-price-effects-by-condition\" class=\"anchor\" id=\"domestic-food-price-effects-by-condition\"\u003e\u003c/a\u003eDomestic food price effects by condition\u003c/h2\u003e\n\u003cp\u003eHigher international prices are not passed directly through to domestic retail prices. Korean sugar companies import raw sugar and refine it domestically. Domestic manufacturing and domestic production of raw materials are different concepts.\u003c/p\u003e\n\u003cp\u003eMaterials released by the Ministry of Agriculture, Food and Rural Affairs in 2023 also explain this import and refining structure. At the time, inventories already secured were presented as a buffer against price shocks. This explanation is a past example showing the role of inventories. It does not indicate current inventory levels. \u003ca href=\"https://www.mafra.go.kr/bbs/home/792/572708/download.do\"\u003eInternational sugar price trends and outlook\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eThe following table explains each condition derived from the import and refining structure. Whether and to what extent each condition is currently met must be checked separately.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCondition\u003c/th\u003e\n\u003cth\u003ePotential effect on domestic costs\u003c/th\u003e\n\u003cth\u003eData needed for confirmation\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition\"\u003eIncrease in international raw sugar prices\u003c/td\u003e\n\u003ctd data-label=\"Potential effect on domestic costs\"\u003eHigher raw material costs for new contracts\u003c/td\u003e\n\u003ctd data-label=\"Data needed for confirmation\"\u003eRaw sugar purchase contract prices\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition\"\u003eWeakening won\u003c/td\u003e\n\u003ctd data-label=\"Potential effect on domestic costs\"\u003eHigher won value of the same dollar price\u003c/td\u003e\n\u003ctd data-label=\"Data needed for confirmation\"\u003eSettlement exchange rates and fixed-rate contracts\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition\"\u003eExisting inventories\u003c/td\u003e\n\u003ctd data-label=\"Potential effect on domestic costs\"\u003eDelayed pass-through of new prices\u003c/td\u003e\n\u003ctd data-label=\"Data needed for confirmation\"\u003eInventories and usage plans by company\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition\"\u003eHigher freight and energy costs\u003c/td\u003e\n\u003ctd data-label=\"Potential effect on domestic costs\"\u003eHigher import and refining costs\u003c/td\u003e\n\u003ctd data-label=\"Data needed for confirmation\"\u003eTransportation contracts and mill energy costs\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition\"\u003eLower import tariffs\u003c/td\u003e\n\u003ctd data-label=\"Potential effect on domestic costs\"\u003eReduced tax burden on covered volumes\u003c/td\u003e\n\u003ctd data-label=\"Data needed for confirmation\"\u003eImplementation period and covered items\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Condition\"\u003eDifferences in sugar use by product\u003c/td\u003e\n\u003ctd data-label=\"Potential effect on domestic costs\"\u003eDifferent cost burdens for each product\u003c/td\u003e\n\u003ctd data-label=\"Data needed for confirmation\"\u003eFormulation and overall cost structure\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eConfectionery, bread, beverages, and ice cream are representative products that use sugar. However, sugar accounts for a different share of total costs in each product. Packaging materials and labor costs also affect retail prices. This is why the increase in product prices cannot be determined from the increase in raw sugar prices alone.\u003c/p\u003e\n\u003cp\u003ePast temporary tariff reductions also should not be treated as current policy. Whether they apply depends on the tariff rules in effect when the goods are imported. Measures described in the 2023 materials cannot be assumed to still apply in 2026.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-do-wheat-and-corn-prices-affect-food-costs\" class=\"anchor\" id=\"how-do-wheat-and-corn-prices-affect-food-costs\"\u003e\u003c/a\u003eHow do wheat and corn prices affect food costs?\u003c/h2\u003e\n\u003cp\u003eGrains affect food costs through food ingredients and livestock feed. Wheat prices are linked to the cost of products that use flour. Feed grain prices can affect livestock production costs.\u003c/p\u003e\n\u003cp\u003eThe Herald Business reported KREI's outlook in its September 2026 International Grains report. All figures below are quarter-over-quarter forecasts for the third quarter of 2026. They are not finalized consumer price inflation rates. \u003ca href=\"https://news.nate.com/view/20260906n01384\"\u003eReport citing the KREI outlook\u003c/a\u003e\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eIndicator\u003c/th\u003e\n\u003cth\u003eThird-quarter 2026 outlook\u003c/th\u003e\n\u003cth\u003eMeaning\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003eInternational grain futures price index\u003c/td\u003e\n\u003ctd data-label=\"Third-quarter 2026 outlook\"\u003eUp 6.2%\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003ePrice trend in international futures markets\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003eFood grain import unit price index\u003c/td\u003e\n\u003ctd data-label=\"Third-quarter 2026 outlook\"\u003eUp 0.2%\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eImport cost trend for food grains\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Indicator\"\u003eFeed grain import unit price index\u003c/td\u003e\n\u003ctd data-label=\"Third-quarter 2026 outlook\"\u003eUp 0.9%\u003c/td\u003e\n\u003ctd data-label=\"Meaning\"\u003eImport cost trend for feed grains\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThe report cited concerns about Black Sea export disruptions as a factor affecting wheat prices. High temperatures in the U.S. Midwest were mentioned as a concern for corn. Higher feed costs can raise the production costs of meat and eggs. Actual retail prices are also affected by the scale of livestock operations and demand.\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#can-sugar-free-products-also-face-price-pressure\" class=\"anchor\" id=\"can-sugar-free-products-also-face-price-pressure\"\u003e\u003c/a\u003eCan sugar-free products also face price pressure?\u003c/h2\u003e\n\u003cp\u003eSugar-free products can also be affected by other ingredients and costs. Whether sugar is used cannot explain the full cost of a product. A sugar-free label does not also mean price stability.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eProduct composition or condition\u003c/th\u003e\n\u003cth\u003eCosts to consider separately\u003c/th\u003e\n\u003cth\u003eWhy they should be distinguished from sugar prices\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Product composition or condition\"\u003eProducts that use milk\u003c/td\u003e\n\u003ctd data-label=\"Costs to consider separately\"\u003eMilk and dairy product prices\u003c/td\u003e\n\u003ctd data-label=\"Why they should be distinguished from sugar prices\"\u003eDairy products may still be needed even when sugar is reduced\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Product composition or condition\"\u003eProducts that use coffee\u003c/td\u003e\n\u003ctd data-label=\"Costs to consider separately\"\u003eCoffee bean prices\u003c/td\u003e\n\u003ctd data-label=\"Why they should be distinguished from sugar prices\"\u003eCoffee supply conditions are separate from sugar\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Product composition or condition\"\u003eProducts that use flour\u003c/td\u003e\n\u003ctd data-label=\"Costs to consider separately\"\u003eWheat and flour prices\u003c/td\u003e\n\u003ctd data-label=\"Why they should be distinguished from sugar prices\"\u003eThey are affected by grain markets\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Product composition or condition\"\u003eProducts that use imported ingredients\u003c/td\u003e\n\u003ctd data-label=\"Costs to consider separately\"\u003eExchange rates and freight costs\u003c/td\u003e\n\u003ctd data-label=\"Why they should be distinguished from sugar prices\"\u003eImport costs arise even when no sugar is used\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003cp\u003eThis table explains costs based on product composition. It does not predict price increases for any specific sugar-free product. For individual products, the actual ingredient composition and price announcements should be checked together.\u003c/p\u003e\n\u003cp\u003eIt is also difficult to conclude that global sugar demand will decline solely because sugar-free products are becoming more widespread. OECD-FAO explains that consumption trends vary by region. Changes in consumption in some regions do not represent total global demand. \u003ca href=\"https://www.oecd.org/en/publications/oecd-fao-agricultural-outlook-2026-2035_47874669-en/full-report/sugar_358565e5.html\"\u003eOECD-FAO sugar consumption outlook\u003c/a\u003e\u003c/p\u003e\n\u003ch2\u003e\n\u003ca href=\"#common-mistakes-when-reading-sugar-price-news\" class=\"anchor\" id=\"common-mistakes-when-reading-sugar-price-news\"\u003e\u003c/a\u003eCommon mistakes when reading sugar price news\u003c/h2\u003e\n\u003cp\u003eLeaving out the type of price and the date can give the same figure a different meaning. Forecasts and actual results should not be mixed in particular. The following points are often confused in price reports.\u003c/p\u003e\n\u003cdiv class=\"overflow-x-auto\"\u003e\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eCommon interpretation\u003c/th\u003e\n\u003cth\u003eWhat should be checked\u003c/th\u003e\n\u003c/tr\u003e\n\u003c/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common interpretation\"\u003eIf raw sugar rises, confectionery prices rise by the same percentage\u003c/td\u003e\n\u003ctd data-label=\"What should be checked\"\u003eSugar's share of costs and other costs\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common interpretation\"\u003eSugar made domestically uses domestically produced raw materials\u003c/td\u003e\n\u003ctd data-label=\"What should be checked\"\u003eOrigin of the raw sugar and whether it is refined domestically\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common interpretation\"\u003eThe self-sufficiency rate for sugars is the same as the sugarcane self-sufficiency rate\u003c/td\u003e\n\u003ctd data-label=\"What should be checked\"\u003eItems included in the statistics and calculation method\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common interpretation\"\u003eA decline in the production forecast is a shortage that has already occurred\u003c/td\u003e\n\u003ctd data-label=\"What should be checked\"\u003eProduction year, inventories, and available import volumes\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common interpretation\"\u003eA futures price increase is the actual investment return\u003c/td\u003e\n\u003ctd data-label=\"What should be checked\"\u003eTraded product, contract rollover costs, and comparison period\u003c/td\u003e\n\u003c/tr\u003e\n\u003ctr\u003e\n\u003ctd data-label=\"Common interpretation\"\u003eA past tariff reduction still applies\u003c/td\u003e\n\u003ctd data-label=\"What should be checked\"\u003eRules currently in force and their expiration dates\u003c/td\u003e\n\u003c/tr\u003e\n\u003c/tbody\u003e\n\u003c/table\u003e\u003c/div\u003e\n\u003ch2\u003e\n\u003ca href=\"#how-should-purchase-prices-be-compared\" class=\"anchor\" id=\"how-should-purchase-prices-be-compared\"\u003e\u003c/a\u003eHow should purchase prices be compared?\u003c/h2\u003e\n\u003cp\u003eThe purchase burden can be compared by looking at the amount paid for the same quantity. Grocery costs cannot be calculated from international futures prices alone. Check both the weight and the actual amount paid for products you buy frequently.\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eCheck the weight or volume of the same product.\u003c/li\u003e\n\u003cli\u003eCheck the actual amount paid after applying discount conditions.\u003c/li\u003e\n\u003cli\u003eDivide the amount paid by the weight or volume to compare unit prices.\u003c/li\u003e\n\u003cli\u003eEven if the price is unchanged, check whether the quantity has changed.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eBusinesses that purchase sugar directly should also check the effective date of delivery quotes. It is helpful for quotes to state whether delivery fees and taxes are included. An actual purchase contract is needed to compare changes in international market prices with delivery prices.\u003c/p\u003e\n","tags":["Prices","Heat Wave","Inflation","Exchange rate","Global oil prices","Food shopping"],"faqs":[{"question":"What is sugarflation?","answer":"It refers to the phenomenon in which rising sugar prices increase the price burden of foods that use sugar. Whether and by how much individual product prices rise depends on the amount of sugar used and other costs."},{"question":"Did sugar prices rise by 11.9% or 21.5% in August 2026?","answer":"11.9% is the month-on-month increase in the FAO Sugar Price Index. 21.5% is the monthly increase in the sugar market reported by Yonhap Infomax, citing CNBC. The two figures should be read with their different indicators and calculation criteria in mind."},{"question":"Is it true that sugar rose more than the S\u0026P500?","answer":"A report dated September 7, 2026, stated that sugar futures had risen by more than 20% since the beginning of the year. The S\u0026P500 increase given in the same article was about 13%. However, because the exact comparison date and futures contract month were not specified, these figures should not be interpreted as current returns."},{"question":"Does El Niño cause drought in every sugar-producing region?","answer":"The effects of El Niño vary by region and season. Some regions experience a lack of rainfall, while others receive more rainfall. The weather and crop conditions in each producing region must be checked separately."},{"question":"Do sugar prices always rise when international oil prices rise?","answer":"They do not always rise together. Higher oil prices can increase the incentive to process sugarcane into ethanol. The actual allocation of production is also affected by sugar prices, facilities, and contract terms."},{"question":"Does sugar produced domestically also use imported raw materials?","answer":"Korean sugar refiners produce sugar by refining imported raw sugar domestically. Whether a product is manufactured domestically and the origin of its raw materials must be distinguished. The volume refined domestically cannot be regarded as raw materials supplied domestically."},{"question":"When are rising sugar prices reflected in domestic food prices?","answer":"There is no fixed period that applies to every product. Existing inventories and the timing of purchase contract renewals have an effect. The actual timing should be checked in announcements of individual companies' supply prices or product prices."},{"question":"Are sugar-free products unaffected by rising raw material prices?","answer":"Sugar-free products can also be affected by the cost of other ingredients and transportation. Depending on the product, there may be costs for milk, flour, and other ingredients. It is difficult to predict price changes based solely on whether sugar is used."},{"question":"Is the outlook for grain import unit prices an outlook for meat and egg prices?","answer":"Grain import unit prices are an indicator of the cost of raw materials used for food or feed. They are different from forecasts of consumer prices for meat and eggs. Livestock product prices are also affected by the scale of livestock farming and demand."},{"question":"Where can sugar-related figures be found?","answer":"International monthly price trends can be found in the FAO Food Price Index. The specifications for futures contracts are provided in the ICE contract specifications. EU production forecasts can be found in the European Commission's Sugar market observatory."}],"sources":[{"url":"https://www.fao.org/worldfoodsituation/foodpricesindex","title":"FAO Food Price Index, released September 4, 2026","type":"data_point"},{"url":"https://www.ice.com/products/23","title":"ICE Sugar No. 11 Futures Contract Specifications","type":"source"},{"url":"https://v.daum.net/v/20260907115301522","title":"Yonhap Infomax, Sugar Prices Surge 21.5% in August on Supply Disruption Concerns Amid Extreme Weather, September 7, 2026","type":"data_point"},{"url":"https://www.nfuonline.com/news/the-beet-brief-weather-and-speculation-drive-a-rally-in-the-global-market/","title":"NFU, The Beet Brief: Weather and speculation drive a rally in the global market","type":"source"},{"url":"https://agriculture.ec.europa.eu/data-and-analysis/markets/overviews/market-observatories/sugar_en","title":"European Commission, Sugar Market Observatory","type":"source"},{"url":"https://www.fao.org/el-nino/en","title":"FAO, Regional Agricultural Impacts of El Niño","type":"source"},{"url":"https://www.oecd.org/en/publications/oecd-fao-agricultural-outlook-2026-2035_47874669-en/full-report/sugar_358565e5.html","title":"OECD-FAO Agricultural Outlook 2026-2035, Sugar","type":"source"},{"url":"https://apeda.gov.in/dgft-public-notice","title":"APEDA, List of Notices on DGFT Allocation of Imports of 1 Million Tonnes of Raw Sugar","type":"source"},{"url":"https://taxguru.in/dgft/dgft-prohibits-sugar-exports-30th-september-2026.html","title":"TaxGuru, Republication of India's DGFT Notification No. 16/2026-27","type":"source"},{"url":"https://www.mafra.go.kr/bbs/home/792/572708/download.do","title":"Ministry of Agriculture, Food and Rural Affairs, International Sugar Price Trends and Outlook, October 18, 2023","type":"source"},{"url":"https://news.nate.com/view/20260906n01384","title":"Herald Economy, Report Citing the KREI September International Grains Outlook, September 6, 2026","type":"data_point"}],"images":[{"id":1370,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6MTk2OTQsInB1ciI6ImJsb2JfaWQifX0=--36468198982bd0fc1ea1144f58f4bc8dc577d9cc/ai-58aa0063.webp","is_representative":true,"generation_method":"ai_photo","license":"ai_generated","mime_type":"image/webp","width":1536,"height":1024,"translations":{"ko":{"alt":"빵이 진열된 제빵 작업장에서 설탕 통과 포대 옆 자료를 확인하는 제빵사","caption":"제빵사가 설탕 재고와 관련 자료를 점검하고 있다.","description":null},"en":{"alt":"Baker reviewing a report beside a bin and sacks of sugar in a bakery","caption":"A baker checks sugar supplies and related figures at her workplace.","description":null},"ja":{"alt":"パンが並ぶ製パン所で砂糖の容器と袋のそばにある資料を確認する職人","caption":"パン職人が砂糖の在庫と関連資料を確認している。","description":null},"es":{"alt":"Panadera revisando un informe junto a un recipiente y sacos de azúcar en una panadería","caption":"Una panadera comprueba las existencias de azúcar y los datos relacionados.","description":null},"id":{"alt":"Pembuat roti memeriksa laporan di samping wadah dan karung gula di toko roti","caption":"Seorang pembuat roti mengecek persediaan gula dan data terkait.","description":null},"pt":{"alt":"Padeira analisa relatório ao lado de um recipiente e sacos de açúcar em uma padaria","caption":"Uma padeira verifica o estoque de açúcar e os dados relacionados.","description":null},"zh-hant":{"alt":"烘焙師在擺滿麵包的烘焙坊內查看糖桶與糖袋旁的報表","caption":"烘焙師正在核對砂糖庫存與相關數據。","description":null},"de":{"alt":"Bäckerin prüft in einer Backstube neben einem Zuckerbehälter und Zuckersäcken einen Bericht","caption":"Eine Bäckerin kontrolliert den Zuckervorrat und die zugehörigen Zahlen.","description":null}}},{"id":1371,"url":"https://injoys.com/rails/active_storage/blobs/proxy/eyJfcmFpbHMiOnsiZGF0YSI6MTk3MDMsInB1ciI6ImJsb2JfaWQifX0=--0051429ae4a14afdfae7e94d121fd9cf21cfbae2/ai-f207a669.webp","is_representative":false,"generation_method":"ai_semi","license":"ai_generated","mime_type":"image/webp","width":1536,"height":1024,"translations":{"ko":{"alt":"제빵 작업장에서 가격 자료를 검토하는 직원과 상승 화살표로 연결된 공급망 아이콘","caption":"제빵 직원이 원재료와 유통 비용 상승을 반영한 가격 자료를 살펴보고 있다.","description":null},"en":{"alt":"Bakery worker reviewing pricing charts beside supply chain icons linked by a rising arrow","caption":"A bakery worker reviews pricing data as ingredient and distribution costs rise.","description":null},"ja":{"alt":"製パン工房で価格資料を確認する従業員と上向き矢印で結ばれた供給網アイコン","caption":"製パンスタッフが原材料費や流通費の上昇を反映した価格資料を確認している。","description":null},"es":{"alt":"Trabajadora de panadería revisando gráficos de precios junto a iconos de suministro y una flecha ascendente","caption":"Una trabajadora revisa datos de precios ante el aumento de los costes de ingredientes y distribución.","description":null},"id":{"alt":"Pekerja toko roti meninjau grafik harga dengan ikon rantai pasok dan panah naik","caption":"Pekerja toko roti memeriksa data harga saat biaya bahan baku dan distribusi meningkat.","description":null},"pt":{"alt":"Funcionária de padaria analisa gráficos de preços com ícones da cadeia de abastecimento e seta ascendente","caption":"Uma funcionária analisa dados de preços diante da alta dos custos de ingredientes e distribuição.","description":null},"zh-hant":{"alt":"烘焙坊員工查看價格圖表，旁有供應鏈圖示與上升箭頭","caption":"烘焙坊員工正在檢視反映原料與配送成本上漲的價格資料。","description":null},"de":{"alt":"Bäckereimitarbeiterin prüft Preisdiagramme neben Lieferkettensymbolen und einem Aufwärtspfeil","caption":"Eine Bäckereimitarbeiterin prüft Preisdaten bei steigenden Zutaten- und Vertriebskosten.","description":null}}}],"published_at":"2026-09-18T12:11:50+09:00","updated_at":"2026-09-18T12:11:50+09:00","license":"cc_by","translation_status":"reviewed","available_locales":["ko","en","ja","es"],"data_locales":["ko","en","ja","es","id","pt","zh-hant","de"],"url":"https://injoys.com/en/articles/global-sugar-prices-2026-food-inflation"}