It’s really hard to compare, as everything related to food is subsidized and distorted to some degree today. HFCS is more expensive to make than sugar, but it

It’s really hard to compare, as everything related to food is subsidized and distorted to some degree today. HFCS is more expensive to make than sugar, but it is cheaper in the US (and through exports this bleeds to other places) due to corn subsidies. Similarly, there are a lot of meat subsidies and oil subsidies - to the point that market pricing only matter within small sectors, but not replacement sectors that aren’t the same commodity.