Wednesday, June 11, 2008

Indian Farmers Turning Away From Sugar

Looks like the specs are piling into the near-term sugar contracts, based on forecasts that India will be a net importer of sugar.

Their farmers are forgoing sugar in favor of higher priced crops. Well gee, it's about damn time!

Not quite to a breakout yet - we'll see if this gap up holds.

1 comment:

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