03.02.2011 - Sugar soars to 30-year high on supply concern
From Bloomberg: Sugar futures surged to a 30-year high on mounting concern that global supplies will trail demand following crop damage in Australia and India. Soaring agricultures prices drove a measure of raw materials to the higher ever. Plantations in Australia, the third-largest exporter, probably suffered significant damage from Tropical Cyclone Yasi, a grower group said. Output from India, the second-biggest producer, may be less than predicted after heavy rains, a producer organization said..............................................Full Article: Source
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