Over the last few months, a massive supply glut has driven world sugar prices to new lows; the December ‘07 London white sugar futures are trading at $275/t, a 15% drop in two months - and the price has almost halved from the $460-plus highs reached in mid-‘06.

(Unfortunately, the price of coffee has been steadily moving the other way, so your morning caffeine fix isn’t getting any cheaper.)

In other news, Def Leppard are on tour, promoting their upcoming album. Rumour has it that the album will include a new version of one of their classics - “Pour Twice As Much Sugar On Me”.