Soaring sugar has trade in celebratory mood


By David Brough LONDON, March 30 (Reuters) - Sugar prices are challenging the highest levels seen in a quarter century and many analysts and traders attending a trade dinner on Thursday see them remaining on an upward curve. With demand outpacing supply, in large part due to soaring conversion of sugar to ethanol, dinner guests will be toasting a rally which could soon test fresh 25-year highs after closing at a peak of 19.30 cents per lb on February 3. In a research note released to ...

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