Monday, August 11, 2014
Sugar Could Double Again
As massive amounts of sugar were being produced around the world, the resulting surplus proved detrimental for the price.
It fell by over 50% from its 30-year peak in 2011, to a low of $0.15 per pound in early 2014.
Currently, sugar is trading at about $0.17 a pound, still well off its 2011 highs. But there’s reason for optimism for long-suffering sugar bulls…(more)Please share this article