75 cents: effective January first, that's the price you are now paying for a pound of white sugar - up from 50 cents a pound, a 50% increase. Now of course, we have gotten some complaints from the consumers about this increase, but how about those pastry makers who have get to get all those sweet treats out to you: Will the increase affect their businesses? When we spoke to a couple today, they couldn't be the least bit bothered.
Courtney Weatherburne
"So it has increased by 25 cents. Now it's 75 cents per pound. In terms of economics, looking at it from the business perspective, will this increase affect you?"
Salvador Cambranes, Owner - Cambranes Bakery
"Well probably not. We absorb it. Because it's not very much, so we will probably take the loss. Well it wouldn't be a loss, but the operation cost. Just that the scarcity is an issue right now. But I guess when the price fixed, it will be back to normal. It's not very much readily available. So that's the thing. Apparently, they are storing it. Who knows? The more profit."
Courtney Weatherburne
"So the issue is with the scarcity, not really with the price increase?"
Salvador Cambranes, Owner - Cambranes Bakery
"That's right, the scarcity."
We also went to "Sugar Fix" off Freetown Road and the manager told us the price increase won't affect them either and he does not plan on raising his prices. He told us that he is more concerned about the regular folks who may not be able to afford it. Brown Sugar is still priced at 50 cents a pound.
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