Sugar Prices Rise Worldwide after Weather Damages Crops in Asia

FILE - Isa Ahmed shows the granulated sugar he sells at his shop at a market in Abuja, Nigeria, Oct. 27, 2023. FILE - A vendor arrange packages of sugar at a market in Jakarta, Indonesia on Oct. 24, 2023. FILE - Abba Usman sells granulated sugar at his shop inside a market in Abuja, Nigeria, Oct. 27, 2023.

Skyrocketing sugar prices left Ishaq Abdulraheem with few choices. Increasing the cost of bread would mean declining sales, so the Nigerian baker decided to cut his production by half.