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Sugar Prices May Rebound, According to Analyst
Financial Spread Trading Commodities analyst, Craig Ruffolo, told a room ful of sugar lovers at the international sweetner conference in Vail Colorado that sugar consumption is on the rebound.Visit our AXcess News Forum and add your comments on this story. Try your hand at writing, the best story will be published on our news network. Take our commodities poll too!
Many analysts forecast that the dollar will rebound next year along with the U.S. economy. The dollar will strengthen to $1.30 by the end of 2008, according to the median forecast of 47 analysts surveyed by Bloomberg News through May 4. The U.S. economy will accelerate to a 3% growth rate in the first half of 2008, according to the median forecast in a Bloomberg survey on April 10.
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The latest downturn in the dollar against the Euro could may very well have further room to run, according to analysts.
Commodity Spread Trading Aug 9, 2004 (AXcess News) Vail CO - Commodities analyst, Craig Ruffolo, told a room ful of sugar lovers at the international sweetner conference in Vail Colorado that sugar consumption is on the rebound.
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Betting Exchange Spread Craig Ruffolo, vice president of McKeany-Flavell, a commodities research firm based in Oakland, California, said that "reversing the downward trend in U.S. sugar consumption will hinge on three pivotal factors: sound science, changing demographics, and sugar containing product imports."
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Advanced Commodity Spread Ruffolo was addressing the International Sweetener Symposium being held here this week. The Symposium is sponsored by the American Sugar Alliance (ASA), the national coalition of growers, processors and refiners of sugarbeets and sugarcane, accounting for 146,000 American jobs in 19 states.
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Online Spread Betting Ruffolo said sound science should provide "sound answers to the diet versus exercise problem, and question the healthfulness of low-carb diets." He cited scientific research, stating, "Low-carbohydrate diets conflict decades of solid scientific research ... Restricting carbohydrates stresses vital organs while offering no advantages in terms of either fat loss or long- term weight control." Ruffolo cited evidence that lack of exercise is a major factor in weight gain.With regard to changing demographics, Ruffolo said that the rising Hispanic percentage of the U.S. population is a positive because of that ethnic group's Advertisement
Stock Spread Trading relative high levels of per capita sugar consumption. He expressed concern, however, about rising imports of sugar-containing products, as some U.S. food manufacturers have joined in the exodus of manufacturing operations to countries with lower labor costs. Ruffolo concluded, nonetheless, "We are close to reversing the downward
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Complete Guide Spread Trading Source: American Sugar Alliance
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