Topic “commodity price” — Exporter Magazine

Speculative demand has pushed coffee prices up through the $3 a pound barrier, taking them to their highest level for over 30 years, according to BeverageDaily.com. Sugar futures surged to a 30-year high on mounting concern that global supplies will trail demand following crop damage in Australia and India, two of the world’s leading producers, according to the Sydney Morning Herald. The leading traders of physical raw sugar claim that the commodity is likely to surge to a 30-year high in the coming months, with all eyes on the pending Indian sugar crop output which is hoped will ease supply pressures, according to FoodNavigator.com.