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home / news releases / COM - Price Of Sugar Doubled Since Pandemic Surging Prices Another Bad Omen For Inflation

COM - Price Of Sugar Doubled Since Pandemic Surging Prices Another Bad Omen For Inflation

Direxion Auspice Broad Commodity Strategy

2024-03-15 05:50:06 ET

Summary

  • Inflation has decreased from record highs in 2023, but recent data suggests it may be rebounding.
  • Droughts and suboptimal growing conditions have reduced global sugar supplies, leading to higher prices.
  • Demand for sugar remains strong, and experts expect prices to continue rising in 2024 unless a global recession occurs.

By Andrew Prochnow

Inflation significantly decreased from the record highs observed in the summer of 2023, but the latest inflation readings may show that the cooling phase may have reached its end....

For further details see:

Price Of Sugar Doubled Since Pandemic, Surging Prices Another Bad Omen For Inflation
Stock Information
Company Name: Direxion Auspice Broad Commodity Strategy
Stock Symbol: COM
Market: NYSE
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