New Delhi: Global sugar prices surged 11.9 per cent in August from the previous month due to many factors including lower production in Europe due to adverse weather, impact of El Nino on production in key producing countries in Asia and India's announcement of duty-free raw sugar imports, according to the latest Food Price Index released by the Food and Agriculture Organization of the United Nations (FAO).
"The FAO Sugar Price Index increased by 11.9 per cent in August," the UN food agency said.
