Christoph Eibl Prices Quotations

Sugar prices in the past few months have pulled back because of the weaker oil price. Now that oil is at around $70 a barrel, sugar has to follow.

Sugar prices are energy-driven; there's nothing else moving the market at the moment. It's all about the ethanol story.

We're entering bubble territory. Prices have moved away from reality, and are no longer linked to fundamentals.

Prices at these levels can't be justified based on fundamentals only. While we haven't seen the top of the market yet, the risk of prices collapsing is very high.