Sugar Prices Go Crazy When the Monsoon Fails
Sugar is one of those things you never think about. You put it in your coffee, you eat it in everything, it is just there. Then one summer in India the rain does not come, and suddenly sugar is front page news. Chapter 33 of Torsten Dennin’s “From Tulips to Bitcoins” (ISBN: 978-1-63299-227-7) tells the story of what happened in 2009 and 2010, when the world’s second-largest sugar producer ran out of sugar and had to start buying it from everyone else.