Sugar in Romania affected by international oil

The price of sugar on the Romanian market could increase by 30% over the next months, due to the reorientation of fuel producers, at a global level, to bio fuels, which are mainly produced from raw material common for the sugar industry. Sugar increased its price up to 11.54 centspound ( one pound = 453.59 grams) as a result of massive purchase of raw material by investment funds, as well as due to the increase in the demand on the part of Brasilian biofuel industry, supported by the record ...

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