Price of sugar expected to climb

Plant extract could become additive in processed foods pending FDA approval

June 22, 2011 2:21:45 PM PDT
Bad weather is expected to cut sugar supplies in the U.S. this year, which means prices may climb for products containing it.

A drought in Mexico and flooding in the Midwest are to blame. Dry weather in Mexico cut imported cane sugar by as much as 10-percent while flooding in U.S. delayed the planting of sugar beets, which are the source of more than half of the nation's sugar production.