Supply woes are pushing prices higher after this year's El Nino weather pattern parched fields from Thailand to India, the world's No. At industry events in New York this week, analysts and traders cited expectations for prices to continue to rally. Sugar traded in New York surged to a 20-month high on Friday. The sweetener could reach 20 cents by the end of the year, Bruno Lima, the head of sugar and ethanol for INTL FCStone, said in an interview in New York this week. Their net-long positions reached 193,340 futures and options contracts as of May 10, the latest US government data show.

Source: New Zealand Herald May 20, 2016 16:26 UTC