Australia: At last, good prices for sugar farmers

Sugar has its highest price in years, ending a long run of stagnant pay checks for cane growers.

More than $500 a tonne is on offer on the futures market, a 40 per cent increase in average prices for the last few years.

Chris Connors, from he struggling New South Wales Milling Co-operative, says growers have had a morale boost as well as a cash injection.

"If we can lock in prices going forward into those mid high $400s and even in excess of $500, then there is no doubt in the world that the industry down here is going to see that in a positive light."