Sugar Cane Sprites Become Increasingly Transparent as Player Moves Closer

I have noticed that the sprites for the Sugar Cane blocks go from solid to transparent to almost invisible the closer I move my character toward them. This issue was not present in previous releases of the game. This is happening with default video settings and “Fancy” Graphics Mode.

I’m not sure if sprites for other blocks are affected. This the only example I have found so far.

Also, please don’t suggest that I try using Vibrant Visuals. The performance cost is too high and I’m not a fan of how it looks anyway.