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Are sugar prices headed for a fall?

Posted Sep 3rd 2009 4:30PM by Connie Madon (RSS feed)
Filed under: International Markets, Forecasts, Brazil, Commodities

A few weeks ago, we heard reports that sugar prices would rise because of weather conditions and supply/demand factors. Sugar prices recently hit a 28-year high, trading at 23 cents per pound.

New data suggests that sugar prices may drop as much as 24%, according to Craig Ruffolo of McKeany Falvel company. He says that markets are already anticipating lower prices well before the next Brazilian harvest.

Continue reading Are sugar prices headed for a fall?

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