{"id":552072,"date":"2023-02-15T06:21:00","date_gmt":"2023-02-15T03:21:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/candy-prices-have-soared-heres-whats-behind-the-rise-in-sugar-prices\/"},"modified":"2023-02-15T06:21:00","modified_gmt":"2023-02-15T03:21:00","slug":"candy-prices-have-soared-heres-whats-behind-the-rise-in-sugar-prices","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/candy-prices-have-soared-heres-whats-behind-the-rise-in-sugar-prices\/","title":{"rendered":"#: Candy prices have soared: Here\u2019s what\u2019s behind the rise in sugar prices"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d877a1cb10\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d877a1cb10\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/candy-prices-have-soared-heres-whats-behind-the-rise-in-sugar-prices\/#%E2%80%9C_Candy_prices_have_soared_Heres_whats_behind_the_rise_in_sugar_prices%E2%80%9D\" >&#8220;: Candy prices have soared: Here\u2019s what\u2019s behind the rise in sugar prices&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/candy-prices-have-soared-heres-whats-behind-the-rise-in-sugar-prices\/#Higher_costs_for_labor_manufacturing_shipping_warehousing_and_energy_along_with_disruptions_to_the_supply_chain_have_taken_a_toll_on_prices\" >Higher costs for labor, manufacturing, shipping, warehousing and energy, along with disruptions to the supply chain, have taken a toll on prices<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/candy-prices-have-soared-heres-whats-behind-the-rise-in-sugar-prices\/#Zoe_Han\" >Zoe Han<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_Candy_prices_have_soared_Heres_whats_behind_the_rise_in_sugar_prices%E2%80%9D\"><\/span>&#8220;: Candy prices have soared: Here\u2019s what\u2019s behind the rise in sugar prices&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Higher_costs_for_labor_manufacturing_shipping_warehousing_and_energy_along_with_disruptions_to_the_supply_chain_have_taken_a_toll_on_prices\"><\/span>\n  Higher costs for labor, manufacturing, shipping, warehousing and energy, along with disruptions to the supply chain, have taken a toll on prices<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001675764\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001675764\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Valentine\u2019s Day sweethearts will need to fork out more for meals and sweet treats this year.<\/p>\n<p> Candy and chewing-gum prices rose 12.2% in January over the previous year, after rising 11.6% in December, according to government data released Tuesday. Similarly, sugar and sugar substitutes were 13.5% more expensive last month.<\/p>\n<div class=\"paywall\">\n       But inflation continues to ease. Consumer prices were up 6.4% in January from a year ago, a slight drop from 6.5% in December 2022 and from 9% in summer 2022, which marked a 40-year-high. Annual food inflation, however, hit 10.1% in January.<\/p>\n<p>Traditional dating activities and gifts are also pricier this year. Dining out was 8.2% more expensive in January compared with last year, while indoor plants and flowers cost 5% more than a year ago, easing slightly from 6.3% in December.<\/p>\n<p>\u201cIncreased cost of labor, manufacturing, shipping, warehousing and energy \u2014 along with disruptions in supply chains \u2014 are all responsible for why candy is more expensive for Valentine\u2019s Day,\u201d said Dallin Hatch, a data expert for Pattern, an e-commerce analytics company, in an email to MarketWatch.\u00a0<\/p>\n<p>The rise in sugar prices is directly linked to the Russian invasion of Ukraine, said Curt Covington, senior director of partner relations at A<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">gAme<\/a>rica Lending, a national agriculture and infrastructure lender. As the war disrupted corn imports, the demand for domestic corn soared \u2014 and pushed up domestic corn prices.<\/p>\n<p>Corn syrup goes into a variety of candies \u2014 from lollipops to candy bars \u2014 and has become the main sweetener in the U.S. mainly because it\u2019s cheaper than sugar cane and sugar beets, analysts say. Corn is also used in many farm products, from animal feeds to baked goods.<\/p>\n<p>Another reason for the spike in sugar and candy prices: Southern Brazil was impacted by drought conditions wrought by La Ni\u00f1a, an extreme weather condition, which resulted in harvest failures for sugar cane and sugar beets \u2014 two other main sources of sweeteners, said Matthew Sherwood, senior Europe and lead commodities analyst at the Economist Intelligence Unit.<\/p>\n<p>And part of that sugar crop is also used in ethanol production. \u201cMore expensive oil increases demand for ethanol, which causes mills to refine less sugar, thereby raising prices,\u201d Covington said in an email to MarketWatch. \u201cWhile the U.S. is a major producer, it imports close to 30% of its annual consumption, and so domestic prices are affected by global developments.\u201d<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Zoe Han\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/zoe-han\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/zoeyuqhan\",\"text\":\"@zoeyuqhan\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Zoe_Han\"><\/span>Zoe Han<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"267_MW\" author-name=\"Zoe Han\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fcandy-prices-and-the-cost-of-romance-just-got-a-lot-more-expensive-this-valentines-day-566acd40%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C06575-04D4-B545-7199-1F4987B91537%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;: Candy prices have soared: Here\u2019s what\u2019s behind the rise in sugar prices&#8221; Higher costs for labor, manufacturing, shipping, warehousing and energy, along with disruptions to the supply chain, have taken a toll on prices Valentine\u2019s Day sweethearts will need to fork out more for meals and sweet treats this year. Candy and chewing-gum prices&#8230;<\/p>\n","protected":false},"author":1,"featured_media":552073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-724546\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-552072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/552072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=552072"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/552072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/552073"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=552072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=552072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=552072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}