Sugar prices rises

Sugar has a strong high Sugar prices recorded the largest advance since July 2006 in the face of speculation that the global annual production of the product should not again meet the demand. The deficit in supply of sugar may reach 9 million tonnes in the year-season which closes on September 30, said the Sucre et Denrees in Paris. Any recovery in the harvest in India would not be sufficient to meet demand next year, some traders believe, as Carlos Gomez's Cytrade Financial in Chicago. "It's simple, we have the demand but lack the necessary supplies," said Gomez. Prices "continue to recover," he added. The future of raw sugar for July delivery advanced 0.18 cents on the dollar or 0.9%, to 15.72 cents of a dollar a pound-weight on ICE Futures U.S. in New York. Previously, the price reached 15.27 cents of a dollar, the highest for a most active contract since July 26, 2006. The most active contract advanced 28% this year. Since yesterday, the contract listed 11 in New York had a maturity in October. Until then, the contract was due in July. A closing price of over 15 cents of a dollar on 1 May detonated more purchases, said Gomez. Sucre et Denrees or Sucden, said the deficit for the year ended September 30, 2010 will be 2 million tonnes ..