An unusual sugar high
Production is down worldwide after crops suffer weather damage. Now prices are climbing as supplies drop.
The world's supply of sugar is taking a hit, in part because of unusual weather in key growing areas. In Brazil, the world's largest sugarcane region, quality has suffered and output has dropped because of rain throughout the growing season and harvest, the Journal reports.
In India, the second-largest producer, a weird monsoon season deprived plants of water. And remember the cold weather that threatened some Florida orange crops? That affected sugarcane in the state, too, leading to lower production there.
Florida produces about a quarter of all U.S. cane, the Journal reports.
The world will be in a "sugar deficit" of about 7.2 million tons this year, one organization said.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.