America is facing sugar shortage following bad weather last year in the Midwest, freeze in Louisiana and drought in Mexico, says the Hagstorm Report. The year was rough for American sugar farmers. The country can import sugar soon in order to fulfill the domestic need.
The industrial sugar prices are rising due to its shortage with rates reaching several cents above-average price. Red River Valley of North Dakota and Minnesota was hit badly by the weather.
These areas had a system to deliver sugar to candy makers and other food companies in Chicago and other Midwestern cities. According to the reports, agriculture Department can make changes if needed to its sugar management system to make it easier and cheaper to bring in raw cane sugar from other countries.
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