Peak sugar!

A mixture of free-trade politics, speculative flows of “hot” money and environmental concerns have also helped make sugar the best performing commodity this year.

(...) for once China does not appear to be the central driver of a dramatic reversal in the fortunes of a commodity market.

Instead it has been Brazil’s thirst for ethanol, derived from sugar cane, to power “flexfuel” cars that also run on petrol that has pushed sugar to a 25-year high.

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