The price of most commodities has jumped significantly this year, as the global economy slowly stutters toward recovery. Gains in oil and metals prices may not have much further to go but many believe that the situation with food is different. Soybean futures have risen 48 percent since their low, with sugar futures rising 40 percent to three-year highs.

The Indian government is so concerned by developments that it has outlawed trading in any new sugar futures contracts until the end of this year.

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