Sugar prices boom, more cane seen used for biofuel

Newswire

By David Brough LONDON, Jan 30 (Reuters) - Sugar is a star among commodity markets, with prices at 25-year peaks and possibly heading higher as investors see potential to divert more cane to make biofuel. The Dubai international sugar conference last week heard a keynote speaker say a larger share of sugar cane in top grower Brazil will likely be used to make the biofuel ethanol instead of edible sugar in the next crop cycle. Tom McNeill, senior partner of sugar brokerage and ...

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