Raw Sugar Prices Lowest Since 2006

Raw Sugar Prices Plunge

We haven't seen raw sugar prices this low since June 2006, as the sweetener dropped to over 7 percent to finish the session at 16.57 cents a pound.

Most of the ongoing fall in raw sugar prices has come from the supply coming out of India, where it increasingly looks like a bumber crop this year.

In February raw sugar had hit its highest levels in 29 years, but now has dropped 45 percent since that time.

Anyalysts say there is panic selling now with raw sugar as there are no clues as to when it'll bottom out.

Raw Sugar Prices Plunge