March sugar futures rise 5.1% to a 30 year high as Tropical cyclone Yasi threatens Australian...

|By:, SA News Editor

March sugar futures rise 5.1% to a 30 year high as Tropical cyclone Yasi threatens Australian production, which accounts for 7% of world exports. Earlier flooding has already reduced Australia's sugar crop to the lowest level in nearly 20 years. Sugar ETF: SGG +4.2%.