Sweet life is becoming more expensive

Finansy30-11-2010 Sweet Life is becoming more expensive sugar went back to growth. Market frightening rumors about the possibility of India's restrictions on exports of sugar, as the harvest and processing do not reach the required volumes. Importers have rushed to Australia, but also there, playing on the increase, say that can not cope with all the orders, and promise to tighten the conditions of purchase. "The main catalyst for the jump in prices are now fears that Brazil and India will not fulfill its obligations to supply sugar to the full, because the current crop year due to weather conditions and reducing sugar beet production falls short of forecasts. While the commodities market and discuss the possibility of imposing restrictions on exports by India, since it is necessary replenishment for domestic use. November 11 prices soared to a level of 33.39 cents per pound, which was a peak in 1981 "- says analyst" Investkafe Anna Bodrov. Requests for Australian exports of sugar in 2011 began to arrive earlier than usual due to weather conditions, which are expected to reduce yields. In Australia, the yield impact due to weather-related atmospheric and ocean currents La Nina, which has brought to the regions of cultivation of Australian sugar cane downpours and high humidity.