Rising sugar prices: Food vs. fuel?
If you think your mid-afternoon sugar boost is getting more expensive, you’re probably right. Sugar costs have been rising for a while and are getting to levels not seen an almost 30 years. Needless to say, this affects products like candy immediately and directly. Confectionary prices are up almost 10% over this time last year. Raw sugar on world markets is up by 42% over January 2009, and almost double the level in 2008.
There are many contributing factors that are all working together to push the needle. There have been poor cane crops in Brazil and India. Domestic sugar beet production also suffered due to the cool, wet summer. To make matters worse, sugar beet acreage was down as farmers hoped to make more money planting corn.
Resource and commodity pricing problems are going to become more common as the world economy recovers. I suppose we should be gratified to see such signs, even though they may be painful for a time.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey