Commodity Blog

Uranium prices may begin advance at the end of this year with growing demand from utilities. Supplies from recycling Soviet-era warheads and enrichment facilities can’t catch up demand from such countries as South Korea, China, Russia and India. Analysts predict that prices may climb from $40 per pound to as much as $100. Immediate delivery for uranium oxide concentrate rose 2.4 percent from previous week to $42.25 per pound.

Sugar advanced in New York for a second straight day as importers are planning to increase purchases after prices have dropped. Demand may be supported by rising imports in India and Iraq. Previously prices rose because adverse weather damaged harvests in India and Brazil, then prices declined on speculation about rebounding global production. May delivery for raw sugar advanced $0.0012 (0.7 percent) to $0.1763 per pound by 9:52 on ICE Futures U.S.

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