The United States faces a "massive" sugar production crisis due to weather conditions that are hurting crops, making it have to increase imports.
The United States faces a "massive" sugar production crisis due to weather conditions that are hurting crops, making it have to increase imports.
The US Department of Agriculture again cut its forecast for US output, expecting total production to drop 8% from the previous season to 7.5 million metric tons.
As a result, the United States will have to increase imports, and the ministry expects the increase to be 22%.
But those imports will not be easy, according to Bloomberg, because most come from Mexico, which is facing a production shortage due to drought.