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

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%.
Comments (3)
  • Donald Ingram
    , contributor
    Comments (3481) | Send Message
     
    Also this region of Australia is one of the largest banana producing areas of the country. Cyclone 'Larry' in 2004 wiped out this crop and cyclone 'Yasi' is half again as powerful as 'Larry' was!
    2 Feb 2011, 03:19 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (557) | Send Message
     
    Covered it earlier ...

     

    seekingalpha.com/curre...

     

    Been looking all day, but still can't find a place to buy banana futures!
    2 Feb 2011, 03:37 PM Reply Like
  • bob adamson
    , contributor
    Comments (4562) | Send Message
     
    The following sampling of February 3rd Australian newspapers gives some indication of the cumulative effect of extreme weather over the past two months.

     

    media01.couriermail.co...

     

    www.theaustralian.com....

     

    www.theaustralian.com....
    3 Feb 2011, 03:29 AM Reply Like
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