US MIDDAY: sugar hits 30-year peak

03 Nov, 2010

Sugar futures surged to a 30-year high on Tuesday, bolstered by concerns over tight global supplies and whether India will allow exports of the sweetener. ICE front-month March raw sugar futures stood at 30.25 cents, up 0.80 cent or 2.7 percent, at 1528 GMT, having earlier touched a 30-year high of 30.64 cents a lb.
ICE December arabica futures rose 0.55 cent, or 0.3 percent to $1.9825 per lb. ICE December cocoa was up $28 or one percent at $2,787 per tonne.

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