By Georgi Gyton 4 December 2010
Bakers looking to negotiate new sugar contracts are being told by suppliers that they have nothing to sell them, as Europe faces massive shortages of white sugar. The lack of availability, coupled with the impact of bad weather in cane-growing countries, such as Thailand and Brazil, has pushed global sugar prices up to 30-year highs.
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Introduction :
Bakers looking to negotiate new sugar contracts are being told by suppliers that they have nothing to sell them, as Europe faces massive shortages of white sugar. The lack of availability, coupled with the impact of bad weather in cane-growing countries, such as Thailand and Brazil, has pushed global sugar prices up to 30-year highs.