Portugal Sugar Hoarding Amid Shortage

Posted By on December 15, 2010

Looks like we’re seeing inflation but not the kind Ben Bernanke is trying to create, such as real estate going up, instead it’s commodities.  Sugar at 30 year highs….stay tuned, many commodities (wheat, corn, soybeans,  rice etc.) may be getting ready to explode if any kind of shortages show up.

Portugal Tries to Prevent Sugar Hoarding Amid Shortage
By Alan Purkiss – Dec 14, 2010

Portugal faces a sugar shortage, the first European country to find itself in this position in more than three decades, the Financial Times reported.

Agriculture Minister Antonio Serrano asked people not to hoard the commodity after a breakdown in imports to refineries led to a run on supplies in the shops, the newspaper said.

Global sugar prices have reached a 30-year high.

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