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Posts Tagged ‘sugar’

Food prices are going to be hit with a double whammy soon, the combination of shortages due the the extreme weather and inflation due to our government devaluing our dollar.

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Sugar soars to 30-year high as supply fears grow

The price of sugar has jumped to a 30-year high as the Brazilian harvest has tailed off sharply, hardening expectations of a shortage.

Traders believe that prices could soar over the coming months as the market faces a supply shortfall driven by smaller-than-forecast crops in important growing countries from Brazil to Russia and western Europe.

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