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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: heinz4411/14/2007 7:11:00 PM
   of 78421
 
Sugar Prices Look Ready to Blast Higher
From Yet Another Turn in Technology!

Almost all of the sugar sold in the U.S. goes for three times the price the rest of the world pays. Critics say the U.S. government allows the domestic sugar industry to maintain a monopoly.

I can see why they'd say that — during the 2004 elections, both parties received $3.1 million in contributions from the sugar industry. That was money well spent since Congress voted for a $1.4-billion subsidy.

Then again, prices will probably only go higher from here. So far, sugar hasn't taken off like other agricultural commodities such as wheat, corn, soybeans and cotton. But we'll see how well supply keeps up with demand now that sugar is being used more and more ... for fuel.

This year, Brazil should become energy independent, partly because of its domestic oil production, and partly because it makes more and more ethanol from sugar. A whopping 70% of the cars in Brazil are "flex-fuel" — meaning they can run on gasoline, ethanol or a mix of the two.

Brazil is exporting sugar-cane based ethanol, though it's not coming to the U.S. yet. Still, down the road, your car may run on sugar as well. Last year, Brazil exported 684 million gallons of ethanol, more than 10 times the amount it exported in 2000.
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