Shortage of sugar coming (also a spike in the price of ethanol)

Toronto Globe and Mail ^ | August 16, 2009 | Boyd Erman

[george76]

Get ready for the sugar shock.

Raw sugar futures have almost doubled this year amid fears of a shortage, which could lead to slightly higher prices for candy but also a spike in the price of ethanol.

Much of the rise in sugar prices has come in just the past few weeks as drier-than-normal weather in India, the world's largest consumer, threatens to leave production there far short of demand...

The bigger impact may be felt at the gas pump, where the sugar shortfall is likely to drive up the cost of ethanol, increasingly used as a substitute for gasoline. About 60 percent of the world's ethanol is manufactured from sugar.

Coming as oil prices top $70 a barrel, it's a double dose of pain for motorists.

"As far as something having a direct jolt on the consumer, you're probably more likely to see it at the gas pump because of the ethanol,"

[george76]

Obama is at fault.

Trying to give up smoking has increased his sugar intake ?

Plus those import quotas.

.

[omega4179]

LET IT BE entered in the record that food shortages and double digit unemployment where on Obama (D,IL) watch.

[ConservativeMan55]

bttt

[svcw]

Since Barry wants to ration health care, will he start rationing food?

[Springman]

Well, you can get real sugar in soft drinks in Canada. Maybe for not much longer?

[pnh102]

How is the supply of corn, which is wasted to make ethanol, impacted by the price of raw sugar, which comes from a different plant?

[FrankR]

"The bigger impact may be felt at the gas pump, where the sugar shortfall is likely to drive up the cost of ethanol, increasingly used as a substitute for gasoline. About 60 percent of the world's ethanol is manufactured from sugar. "

More "unintended consequences" from the greenielefties.

I say just take the danged stuff out of the gasoline, it's drying out my manifold gaskets anyway.

Cars ran fine on gasoline until the "ethynol" bandits found a new way to defraud the public and make a forture doing it...meanwhile drying up our food supplies.

We sitting on zillions of barrels of offshore and alaskan oil, and we are letting the obamaites of the world tell us "no" to using it...meanwhile, we're depleting our food supply.

[george76]

http://www.mongabay.com/images/commodities/charts/sugar.html

[sanjoaquinvalley]

Anyone here have any expertize on planting and raising sugarcane ? I’m not willing to do without.

[don-o]

Maybe that explains whi I saw a guy with a 25 pound bag of sugar in his cart today? Maybe better go get me some?

[healy61]

They are growing plenty of sugar beets in Michigan. That would be Pioneer Sugar. We don’t buy imported surgar.

[null and void]

Obama is at fault.

Aye. Any excuse to normalize relations with communist Cuba...

[Minutemen]

I will give up sugar before I consider growing cane

[healy61]

And there is sorghum molasses in Kentucky. Takes getting used to, but is great on a bisket. And Union City Michigan still bottles maple syrup for fund raisers by the civic organizations. Screw sugar cane.

[wombtotomb]

South Florida is owned by big sugar........

[Star Traveler]

Well, I knew a long time ago, that it was stupid to put people’s food in the gas tank... LOL...

[BradtotheBone]

How is the supply of corn, which is wasted to make ethanol, impacted by the price of raw sugar, which comes from a different plant?

Because it will become more cost effective to use corn syrup than sugar in some products.

[weef]

As long as there’s no shortage of high fructose corn syrup we’ll be fine...

[sanjoaquinvalley]

Yes, but would it grown in a hot dusty area like central California? You know the health nazis could make it a controlled substance at the rate they are going.

[Neidermeyer]

South Florida is owned by big sugar........
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No more ,, Crist bought all of big sugars land to return it to nature... they’re shut down... sugar prices are controlled by the corn lobby ,, always have been..