from Bloomberg Commodities:
Raw sugar rose to a 29-year high in New York on speculation supplies from India and Brazil, the world’s largest growers, won’t be enough to avoid a third consecutive annual shortage. Cocoa prices resumed gains.
Global output will lag behind demand by almost 3 million metric tons in the marketing year that ends Sept. 30, ABN Amro Bank NV and VM Group said Dec. 10, reversing an earlier forecast for a surplus. C. Czarnikow Sugar Futures Ltd. also forecasts a deficit. Raw sugar prices have jumped 23 percent this year.
NYBOT -- new 2010 high
Sugar -- new 29-year high
Cotton -- limit up, new all-time record high
