Tuesday, February 9, 2010

A Shortage of Sweetness

We're used to hear economists and Wall Street insiders discuss the oil supply and potential shortages, but now it seems that a different commodity -- sugar -- is prompting a similar discussion.

A global sugar shortage, which drove prices to the highest level in three decades, may peak in the third quarter this year ...

Sugar had its biggest annual (price) advance since 1974 last year as heavy rains and drought pared harvests in Brazil and India, the largest growers.

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