Sugar prices are up because of concern about oil shortage
March 2011
By: Jerrett Richter
Anticipation by traders that rising oil prices and possible supply shortages will stimulate demand for ethanol made with sugar started pushing up sugar prices in New York and London, according to AgriMoney.com. Brazil, a major sugar producer, has already started buying ethanol from the U.S. to make up for a domestic shortage of the fuel, the online trade publication reported. AgriMoney.com (U.K.)
