By Daily Crux Editor Justin Brill:
The bull market in sugar continues.
Raw sugar just hit 29-year highs of 29.82 cents a pound, and refined white sugar is now trading at all-time highs.
With prices up nearly 50% just this year, many importers have been unwilling or unable to buy, creating shortages across Asia, the Middle East, and west Africa. Many countries in these emerging markets are still highly dependent on sugar as a primary food commodity, and demand continues to grow.
Investors interested in playing this trend can take a look at SGG, the sugar ETN, which is up over 100% in the past year.
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