Oct

13

The economist and historian Ralph Davis estimates that the supply of sugar from the Caribbean into Britain rose from three or four thousand tons a year in the late fifteenth century to over two hundred thousand tons by the 1770s, or an increase of over fifty-fold. (The Rise of the Atlantic Economies, Cornell University Press, 1973, p. 251, 255).

Though sugar is coming off a solid hitout at the moment, and new lows have been seen, it may be one area that should be considered if booming emerging economies do not implode — though no doubt acreage, supply, weather and uses need to be considered.


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2 Comments so far

  1. laslo minks on October 13, 2009 5:10 pm

    50 fold increase in 300 years? That's a 1.3% increase per year. Make mine sweet and low.

  2. Matt Johnson on October 14, 2009 6:08 pm

    The fundamentals have driven sugar higher, it hasn't turned into a bubble… yet.

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