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Sugar Prices May Spike 30-40%: Analyst

Monday, 3 Jan 2011 | 9:50 PM ET

Over the next 12-18 months, sugar prices could spike 30-40% from its current levels, predicts Mathew Kaleel, co-founder & portfolio manager at H3 Global Advisors. He tells CNBC's Oriel Morrison what is driving prices higher.