Bloomberg.com: News & Commentary:
Oct. 4, 2005
"(Bloomberg) -- Sugar prices, which reached the highest in more than seven years in New York yesterday, may rise further as record oil prices prompt cane growers to use more of the crop to produce ethanol, said investor Michael Coleman.
Raw sugar for March delivery rose 2.7 percent to 11.53 cents a pound on the New York Board of Trade yesterday. That's the highest closing price for a most active futures contract since Jan. 14, 1998. The futures have risen 26 percent this year."
Tuesday, October 04, 2005
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