おはようございます。暑さ寒さも彼岸までと言いますが、ホントに今日の朝はいつもより暖かかった気がします。不思議だ。
今日、電車で隣の人が日経を読んでいる中、ｉｐｈｏｎｅを触っていたら向かいの席のおじさんから批判じみた視線が…あなたの方が遅れていると思いますが…ちなみに、日経はニュースが遅いから役に立たないという方いらっしゃいますが、私は好きです。まぁ、それぞれの方の仕事の内容によるんでしょうが…確かにニュース読むだけならいらないですよね。
そんな中で読んでた記事によると砂糖も値上がっているらしいです↓。
またまたカフェ値上がるのかなぁ
SUGAR prices spiked to their highest level in more than 30 years as Cyclone Yasi slammed into the northern Queensland coast.
Australia is the world's third-biggest exporter of the sweetener.
Raw sugar futures jumped 4 per cent to settle at US35.31 cents a pound in New York after trading as high as US36.11c.
Cyclone Yasi, which officials say is one of the strongest storms to ever hit Australia, made landfall on the Queensland coast, which was ravaged by floods just weeks ago.
Yasi "is playing into the psychology of the sugar market," said Luis Rangel, a vice-president at ICAP Futures. "This just gives (the market) an extra boost."
Prices for raw sugar, which is refined into the white sugar sold to consumers, have soared 73 per cent over the past five months as demand outpaced supplies available on the global market.
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Related Coverage
Maryborough Sugar in trading halt The Australian, 24 minutes ago
Sugar price soars as Cyclone Yasi hits Perth Now, 28 minutes ago
Coalfields escape worst of cyclone The Australian, 42 minutes ago
Cyclone Yasi - Overnight and aftermath The Australian, 3 hours ago
PM silent on levy as crops face wipeout Adelaide Now, 10 hours ago
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The latest surge in sugar further illustrates the broader rise in food prices. Wheat futures jumped 3.3 per cent to close at a two-and-half year high. Corn, cocoa and coffee also ended higher.
While the impact of food inflation is expected to be limited in the US, it is already reverberating throughoutemerging economies and raising concerns about potential social unrest.Even before Yasi emerged, sugar supplies were tight due to disappointing output from No. 1 exporter Brazl and weather problems elsewhere.
Cane farmers in Australia's sugar industry already faced losses after flooding soaked Queensland in late 2010 and early this year during the key harvesting and crushing period.
Farmer's group Canegrowers estimates losses of more than $500 million from Yasi, which hit the prime growing and milling region.
If weather volatility results in a 2 per cent shortfall to production forecasts, then the global supply and demand will "at best" be matched in 2011-12, according to Czarnikow Group, a London-based sugar trading house.
According to Australian forecasting bureau Abare, the just-finished harvest yielded a crop of 3.6 million tonnes of sugar, the lowest level in almost 20 years. Analysts said predictions of four million tonnes for the coming harvest could prove too optimistic.
The raw-sugar market has seen dramatic price swings recently, but some analysts say potential damage could raise the floor.
"We'll find some support at that US35-cent-a-pound level," and prices could go higher if damage from the cyclone proves widespread, said Michael McDougall, a senior vice-president at brokerage Newedge.
The latest settlement price in New York is the highest since November 1980, when sugar was about US36c. That is roughly US92c in today's dollars.