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Record heat wave in Asia and sugar prices reach an 11-year high.

Asia is seething. Even though it is still April, areas with temperatures of more than 40 degrees Celsius have appeared, breaking the record heat wave. In India, dozens of people died from the heat.


The Thai government has urged people across the country, including the capital, Bangkok, to refrain from outdoor activities. Bangkok also has a forecast that the sensible temperature will reach 50.2.


The western province of Thailand recorded 45.4 on the 15th. The temperature of Kalewa in northwestern Myanmar soared to 44 and Luang Prabang in Laos to 42.7 in Laos. The figure broke the record.


CNN reported that the temperature in Luang Prabang, a tourist city in Laos, soared to 42.7, the highest temperature in April since weather observation, according to meteorologist Maximiliano Herrera.


In Myanmar, Kalewa, a city in the central Sagaing region, is also fighting against unprecedented heat reaching 44 on the 17th. Southwest Asia, including India, Pakistan, Nepal, and Bangladesh, has also been above 40for several days.


In the case of India, 11 people who attended the heat wave were killed during an outdoor event in Nabi Mumbai, Maharashtra, on the 16th, local authorities said. On the 17th, there was an area that recorded 44.6.


In Mumbai, more than 1 million people flocked to an event, and 50 to 60 people collapsed in the heat and were taken to a hospital. Schools have been closed in some areas for the health of students.


Climatologist and meteorologist Dr. Maximiliano Herrera described the heat as an "unprecedented monster heatwave." The aftermath of the monster heat wave is spreading to Korea and Japan. "We are experiencing abnormal temperatures approaching 30°C in spring," he said. "The temperature soared to more than 35°C throughout China, breaking the record in April."


International sugar prices soared to an 11-year high in the wake of increased demand and sluggish crop conditions due to abnormal climate. There is a possibility of further increases in the future, raising concerns that it could further stimulate food prices


Sugar prices are rising because supply is decreasing at a time when demand is recovering after the COVID-19 pandemic.


India, the world's second-largest sugar producer, earlier this month cut its sugar output estimate by 3% for the year to September 2023, citing bad weather. In addition, sugar, a raw material for sugar, was used to manufacture biofuels, and sugar exported abroad was greatly reduced.


In Europe, due to severe drought, the area of sugar beet cultivation, which is a raw material for sugar, has decreased and harvest has been sluggish.


In Brazil, the world's largest sugar producer, the April harvest is being delayed due to heavy rains. The harvest of sugarcane in the central and southern regions, which accounts for 90% of Brazil's production, takes place between April and December but has not yet come to the market in earnest.


"Futures per pound will remain at a high level in the range of 21 to 24 cents per pound in the mid-term," said Jirishi Chimwal, an analyst at Standard Poor's (S&P). "If weather events such as Eligno continue, production prospects will worsen and prices could rise further."


"If sugar prices continue to soar, countries suffering from food insecurity will be hit the hardest," he said. "It will be a particularly big shock to North Africa and sub-Saharan Africa, where sugar consumption and import demand are high."

Edited by Palak Chauhan 

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