Sugar Price Seen To Soar...Even More.

BLOOMBERG.

The price of sugar may climb 80 percent to as high as 40 cents a pound on global supply shortages, speculates hedge-fund manager Michael Coleman.

“Sugar is caught in a perfect storm,” he told Bloomberg Television. There is “a big hole” in world supply for the next six to nine months.

Sugar has already surged 88 PERCENT this year, reaching a 28-YEAR HIGH, as INDIA, the biggest consumer, had its DRIEST June in 83 years and parts of BRASIL, the largest grower, were drenched by RAINFALL FOUR TIMES MORE than normal, too wet to harvest.