Saturday, January 17, 2009

Sugar Prices Continue Rise; China, India May Increase Imports

Jan. 16 (Bloomberg) -- Sugar prices rose, posting their fourth straight weekly gain, on speculation that demand for imported supplies will increase this year in China and India, the world’s largest consumer.

Also worth noting:

Reduced supplies from India likely will widen a global market deficit that Czarnikow Group Ltd. estimates will be 5.8 million tons this year, said Michael Ferrari, a vice president at Weather Trends International Inc. in Bethlehem, Pennsylvania.

Global market deficit! Music to a commodity trader's ears.

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