Wednesday, July 22, 2009
Sugar prices have soared 70% from their December lows, returning to the highs of early 2006. They were significantly higher a long time ago, however, when commodities were caught up in the inflationary boom times of 1974 and 1980. So is China buying up the world's sugar supplies, or is something else going on? Bloomberg tells me that the demand for sugar is very strong in India, and producers are having trouble keeping up with global demand in general.
Posted by Scott Grannis at 12:02 PM