Sugar Rises as Costlier Crude Oil Spurs Demand for Ethanol

Bloomberg – Sugar gained in London and New York as oil prices advanced, increasing speculation that higher energy prices will spur demand for ethanol, an alternative fuel derived from sugar cane and added to gasoline…

“Sugar is now correlated with crude as a result of increased demand for ethanol as a biofuel,” London-based broker Sucden U.K. Ltd. said in its daily market report.
Bloomberg