Sugar prices are the highest they've been since 2011, which could cost you more to fill up the trick-or-treat bags.
Jon Davis, Chief Meteorologist for Everstream Analytics, joined FOX Weather on Sunday to explain how extreme weather events around the world have taken a big swipe at global sugar supplies ahead of the busy Halloween season.
"This has been a very tough year for global sugar. If you look at the top ten producing countries this year, six of them have had extreme weather," , told FOX Weather. "And the ramification of that is higher prices for anything that you use sugar for, including candy." , representing the second, sixth and third top producers. Everstream said that extreme weather is expected to decrease the global sugar supply by 10% to 15% over the 2023/24 growing season.
A sugarcane farmer works at field on World Farmers' Day in Tangua, a city in the interior of Rio de Janeiro, Brazil on May 13, 2023.
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