Halloween isn't complete without buckets of sweets. However, a sugar scarcity may force Americans to pay more for their favorite Halloween treats.
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This week, The Wall Street Journal reported that sugar shortages are raising confectionery company prices and affecting output. Candy
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makers blame an agriculture policy that requires at least 85% of US sugar purchases to come from domestic processors for the sugar
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scarcity. They believe sugar supplies get stressed and prices rise when demand is high, while sugar growers and processors deny that agricultural policy
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According to the USDA, Midwestern refined beet sugar prices rose to 62 cents per pound and raw sugar cane prices rose to 42.56 cents, the
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highest since January 2011. The USDA forecasts sugar supply to dip 2.3% next crop year, WSJ said.
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Kirk Vashaw, president of Ohio-based Spangler Candy, told the publication that a decline in sugar from suppliers has made it difficult
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to keep up with production in the previous year. They had to deny sweets orders they couldn't complete and produced 50 million fewer candy canes last year.
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Atkinson Candy Company in Texas, like Spangler, has difficulties getting enough sugar to meet orders.
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Before locating a Colombian sugar supplier, company president Eric Atkinson told The Wall Street Journal that they nearly ran out.
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