Rebounding sugar prices are welcome by more than just commodity traders. Higher prices for raw sugar will also help lift the economies of several emerging nations which depend on agricultural exports, most notably Brazil. In this report, I’ll continue the line of reasoning I mentioned in my previous sugar report by noting that the odds of a sugar price – and emerging markets – revival are rising.
Earlier this spring it was apparent that sugar supplies would be at least somewhat impacted by unfavorable growing conditions for U.S. sugar beet growers. In fact, this fall’s