Sugar Prices Projected to Rise Because of El Nino
New York — After four bitter years, sugar mills can look forward to sweeter prospects in 2016. Prices have rebounded 52 percent since reaching a seven-year low in August. Raw-sugar futures traded in New York are heading for a 6 percent gain for the year, their first annual advance since 2010. The market has finally swung to a supply deficit after years of surpluses. And the commodity will keep rising through the first quarter of next...
Sugar War Ends After Sides Reach Secret Settlement
Los Angeles — The sugar and corn industries ended their billion-dollar bitter battle over sweeteners Friday in a secret out-of-court settlement. Both sides announced the deal that puts an end to a trial that began nearly three weeks ago in Los Angeles federal court pitting sugar against high fructose corn syrup. The arch-rivals sugar-coated their acrimony in a settlement statement that announced their commitments to “practices that...
Suit: Protein Cheerios Misleads Consumers
Macho men and women, beware. General Mills, the maker of Cinnamon Toast Crunch, Lucky Charms, Fiber One, and Cheerios, has a clever new trick, according to a lawsuit brought against the company last week by consumer group Center for Science in the Public Interest (CSPI). The suit alleges that the cereal maker has been selling a new product called Protein Cheerios, which the company first introduced last year, under false pretenses....
Sugar (Beet) High in Midwest
Minneapolis — Minnesota sugar beet growers are looking at one of their best crops ever this fall, and they may even need to leave some of the harvest in the ground because of its abundance. Success for the farmers means more delight for your sweet tooth because the sugar in ice cream, cereal, soda and thousands of other food products comes from sugar beets, not sugar cane. More than half the sugar produced in the United States comes...
