Date: September, 2009
Abstract: Global sugar prices have skyrocketed to 28?]year highs in recent weeks on supply shortage concerns and speculative momentum. A supply deficit in India due largely to low monsoonal rainfall has resulted in a rapid run down in world inventory levels, sparking the strongest price action seen in the market in almost 30 years. Meanwhile, wet weather in Centre?]South Brazil has raised concerns that the industry may mill less cane and produce less sugar than previously expected. Prices have eclipsed th...
Research Type: Agri Commodity