Commerzbank sees sugar price falling in second half of 2010
Thursday March 04 2010
THE price of sugar is likely to rise in the near term, reversing the recent steep slide, but looming oversupply will see the price fall towards 20¢ per pound in the second half of 2010, Commerzbank said on Thursday.
"The price decline has gone too far. Prices have reached such low levels that physical demand should pick up again," Commerzbank said in a Commodity Spotlight note.
