Fruit prices continue to rise while sugar prices fall, report says
Lessening migrant workers are also playing a role in the rise of fruit prices.
Unfavorable weather conditions and the trade war between the US, EU, and China have reportedly paved the way for the prices of fruit and sugar to change this month.
The Foodservice Price Index by Prestige Purchasing reported that the prices on fruits rose up to 5.2% mainly by its high demand and damages the summer heat has brought to these crops.
Specifically, the UK continues to suffer from migrant labour troubles with many fruits, quicker to ripe in heat, are left to rot due to less workers.
Weather conditions have also affected the sugar sector in Europe, Brazil and Australia with prices falling by 8.4%. "Sugar producing countries are also being pressured by the Global Sugar Alliance to remove subsidies, particularly from India and Pakistan, the main drivers for the overproduction," Prestige said.
The research company also cited tensions between the US with both, the EU and China, due to the Trump administration continuing to support tariffs and the implementation of more measures as a another factor in the price shakeup.
