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In the US, the Pandemic Was a Time for Sweets
February 20 - 27, 2023 (Double Issue)
|Bloomberg Businessweek US
In the early days of the Covid-19 pandemic, sugar demand plummeted as homebound consumers bought fewer soft drinks and restaurant desserts. Commodities trader Czarnikow Group Ltd. projected the first fall in global sugar consumption in 40 years and a slow recovery.
But then everybody started baking. Global sugar consumption did in fact drop in 2019 and 2020 (sugar markets run on an October-to-September fiscal year) but by less than 0.5%, according to the US Department of Agriculture. And since then sugar has been selling like, well, hotcakes.
هذه القصة من طبعة February 20 - 27, 2023 (Double Issue) من Bloomberg Businessweek US.
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