On March 24, as record heat continued to persist due to El Niño, social media and news sources published predictions of a sugar shortage on a global scale. Those predictions triggered Sentifi Engine notifications on the commodity’s shortage.
Sentifi was ahead of the markets three weeks before signals on sugar tariffs and falling sugar output in El Niño-affected countries emerged. Since March, sugar prices have increased 26% from 16.75 cents to 21.15 cents a pound.
