Chart of the week: Sugar high is wearing off

Sugar price chart

The price of sugar bounced off a four-year low in late January, but it’s set to head back down again, says Alexandra Wexler in Barron’s. The recent uptick was due to weather in Brazil, the top grower and exporter.

January and February were the driest in 30 years. But rain has returned and Brazil’s sugar crop should still match last year’s record, which would ensure that global output keeps rising. “We’re still going to have a glut,” says Citigroup’s Sterling Smith.

• Stay up to date with MoneyWeek: Follow us on TwitterFacebook and Google+

MoneyWeek magazine

Latest issue:

Magazine cover
A new dawn for energy

Our experts pick the stocks to buy

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking