Double whammy for F&B companies

Sweet commodity: A worker arranging sugar stock that arrived at a shop in Kuala Lumpur. Raw sugar was traded at about 20.6 US cents per lb at the end of last month – which was 13.2 higher than the average sugar price of 18.2 US cents per lb last year.

Strong US dollar and high commodity prices to weigh on them

FOOD and beverage companies, particularly those operating in the confectionery and beverage industries, are facing a double whammy, hit by high sugar prices as well as the strong US dollar.