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Newberry, Newberry County, South Carolina
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Sugar shortage causes soaring prices in Spain and Portugal due to poor European beet crop and shipping shortages; Barcelona granulated sugar at 19 cents/lb, Lisbon brown sugar $1.04-$1.12/lb, vs. Sweden's 14 cents/lb.
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In Spain and Portugal sugar prices are soaring. Both countries have been seriously affected by the short beet sugar crop in Europe and the lack of ocean tonnage to move stocks of cane sugar isolated in far away ports.
Granulated sugar, home grown, was being sold in Barcelona, Spain, during the early summer at 19 cents a pound. The price of brown sugar in Lisbon, Portugal, fixed by governmental order, was $1.04 to $1.12 a pound.
By comparison the price of beet sugar in Sweden is 14 cents a pound.
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Where did it happen?
Foreign News Details
Primary Location
Spain And Portugal
Event Date
Early Summer
Outcome
granulated sugar in barcelona sold at 19 cents a pound; brown sugar in lisbon fixed at $1.04 to $1.12 a pound; beet sugar in sweden at 14 cents a pound
Event Details
Sugar prices are soaring in Spain and Portugal due to short beet sugar crop in Europe and lack of ocean tonnage to move cane sugar stocks from far away ports.