The surge in sugar prices is expected to impact consumers and industries reliant on sugar, including food and beverage sectors. In India, the announcement of duty-free raw sugar imports may help mitigate domestic shortages but could lead to higher costs for imports. Globally, El Niño's impact on weather patterns may reduce yields and disrupt harvests, exacerbating supply deficits and driving further price increases. Source time: 2026-09-06T12:48:18 GMT.