Word: sucrest
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Sweet and sour news greeted the nation's sugar lovers last week. The palatable side: after 20 months of dizzying, nonstop rises (TIME, Dec. 9), wholesale sugar prices dipped slightly. Major refiners, including Amstar Corp., the nation's biggest producer, and SuCrest Corp., pared the cost of a 5-lb. bag of sugar by 25?, to $3.48. The sour news is that despite these reductions, supermarket prices are likely to continue rising for weeks before they decline or even stabilize, because the recent rapid series of wholesale boosts-seven in the five weeks prior to last week-have...
...offset a rise in raw prices, the big U.S. sugar refineries have raised prices on refined sugar to the highest since the early 1920s. Such companies as American Sugar, SuCrest and National Sugar have hiked prices twice within a month, to $10.25 per 100 lbs. The consumer will soon feel the difference. Many big sugar users-particularly soft-drink bottlers, canners and bakers-are planning to raise their prices, and candymakers are talking again of cutting back on the size of their candy bars...
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