At The Close by Vikrant Goyal
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:6 (97, 96): At The Close by Vikrant Goyal
A Sweet Report
Sugar prices are moving up after a lull of a quarter century. Will history repeat itself? Since 1966, global sugar prices have seen two major boom? bust cycles. Remarkably, both cycles seemed to echo each other
in terms of the time taken for each rise and fall; where the two cycles are superimposed on each other.
Even more remarkable is that the current upmove in
sugar seems to be following the pattern of the earlier two cycles. In Figure 3, the percentage moves and time taken for each phase of the boom peri...