Sun, Oct 20, 2013 - Page 15 News List

Commodities mixed on US deal, sugar spikes on fire

SWEETENER:Sugar prices soared to a one-year high on reports that a fire badly damaged Copersucar’s terminal in Brazil, the world’s biggest producer

AFP, LONDON

“It is much more a logistical issue than something that changes the overall world balance sheets,” Price Futures Group analyst Jack Scoville said.

“It will hurt world availability for the short term, though, and probably help India and Thailand sell sugar at slightly better prices than they might have been able to do otherwise,” he added.

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