Multi-Decade High Prices for Tea, Cocoa and SugarPosted: December 28, 2009
The Financial Times reports that the prices for tea, cocoa, and sugar have reached multi-decade highs. Prices for orange juice and coffee have not been higher in over a year. Bad weather, output issues, and lack of investment in production are limiting supplies in the face of robust demand, creating strong pricing conditions that are also attracting investors.
Look out for higher prices in 2010 for the products that use these soft commodities.