World Sugar Shortage and High Prices
Inquiries into Increases in Price of Sugard
Aspurt in sugar prices in the spring of 1963 moved discussion of food costs from newspaper financial pages to front pages and from grocery check-out counters to the halls of Congress. American housewives were suddenly faced with sharply higher prices for refined sugar and with a prospect of higher prices for ice cream, soft drinks, and other food products having a sugar content. Some consumers, particularly industrial consumers, expected a sugar shortage and laid in extra stocks as protection against still higher prices.
Prompt assurance by the Department of Agriculture that prospective supplies were more than sufficient to enable Americans to go on consuming sugar at the customary rate halted and then reversed the ...