weather playing havoc with food prices

“Cyclone Yasi’s arrival in Queensland propels sugar prices to record high”

“Cyclone Yasi pushed global commodity prices to record highs and will exact a heavy toll on the world economy and the state of Queensland, City analysts warned today.”

“The price of sugar hit a 30-year high in New York as analysts warned that up to half the state’s crop this year could be destroyed by the cyclone. The cyclone also helped push copper and tin prices to a new high.”

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