Sugar Prices Hit 30-Year Highs – WSJ.com

Agricultural , Commodities Nov 03, 2010 No Comments

Raw-sugar futures have surged to 30-year peaks and look set to break higher as mounting concern over faltering supplies lends fresh impetus to the market.

The benchmark March sugar contract on New York's Intercontinental Exchange soared to 30.64 cents a pound Tuesday and held above the psychologically important 30 cents/lb mark in overnight trade. In London, white-sugar futures rose in response to hit a peak of $756.60 a metric ton on the March contract, the highest since the end of January.

via Sugar Prices Hit 30-Year Highs – WSJ.com.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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