You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

7 June 2017 (AFR) – Plunging sugar price is no health kick

(7 June 2017, AFR, p22, by Rachael Ward)

Sugar price‘A 40 per cent plunge in the price of sugar (see chart at right) has less to do with consumers turning away from sugary drinks and unhealthy food and is instead being driven by a looming supply surplus and speculators shorting the market. Sugar broke an eight-day losing streak on Monday night, finishing up US13.89¢ a pound on hopes that the United States and Mexico will resolve a dispute over sugar exports.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: