Sickly sweet

This is a story of sugar, hogs and oil. And of markets and reality. The moral – oil and sugar have more in common than their chemical structure. The first act belongs to the sugar market. The price of the commodity doubled to $0.18 per pound between July 2005 and February 2006. Traders were inspired by increasing demand for sugar to produce ethanol for fuel. Carbohydrates were going to supplement hydrocarbons. But in the second act reality has taken the lead. It costs about $0,10 a pound to pr...