Back in November, the CEO of Nestle was quoted as saying “sugar will be at 18.00 before the end of 2012.”
For 2013, however, it is being forecast that sugar demand could outstrip supply, sending prices on a nice trip up like we saw back in 2010. And this is interesting, the top five world sugar producers are:
- European Union (EU), which almost doubles number two.
- United States
So you know what you need to watch for to catch the next ride up. And at this time the “sweet spot” of March 2013 sugar is 18.00.
Have a prosperous week.
To read my market views daily you can follow me on Twitter at http://twitter.com/TrendsinFutures