(Bloomberg) -- Sugar in New York rose to the highest
in more than a week on speculation that rising crude oil prices
will increase demand for ethanol, the gasoline substitute made
from sugar cane.
Crude oil reached a 10-month high of $72.94 a barrel today
on speculation unrest in Nigeria, the biggest African producer,
may disrupt supplies. Mills in Brazil, the world's largest sugar
producer, are using more than half the country's cane crop to
make fuel instead of sweetener.
Read more at Bloomberg Commodities News
in more than a week on speculation that rising crude oil prices
will increase demand for ethanol, the gasoline substitute made
from sugar cane.
Crude oil reached a 10-month high of $72.94 a barrel today
on speculation unrest in Nigeria, the biggest African producer,
may disrupt supplies. Mills in Brazil, the world's largest sugar
producer, are using more than half the country's cane crop to
make fuel instead of sweetener.
Read more at Bloomberg Commodities News
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