Inside these posts: Cyclone Yasi

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Sugar prices hit 30-year high

Sugar prices spiked to their highest level in more than 30 years as a massive tropical cyclone slammed into the northeast coast of Australia, the world’s third-biggest exporter of the sweetener. Raw sugar futures jumped 4% to settle at 35.31 cents a pound on Wednesday after trading as high as 36.11 cents. Get the full story »