Will Mubarak drag sugar prices down with him?

President Hosni Mubarak’s sudden departure today, despite his speech yesterday indicating otherwise,  could see corrections in oil prices that have risen sharply over the past 18 days.  Despite tight world sugar supply a large fall in oil futures and naturally commodity indices could see a drop in sugar futures contracts.  The March contract is  already close to expiry so may witness downward pressure.

Following Mubarak’s resignation the military will take charge of Egypt.

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