Jim Rogers : Agricultural prices are massively depressed

Jim Rogers : .Sugar is down 50% from its all time high I would repeat , sugar is 50% below its all time high , you can see how massively depressed agricultural prices are on a historic basis , that's why Indian farmers are committing suicide , and African farmers are giving up , because it is still impossible to make a living someday sugar will go back to the level of its all time high again .sugar made its all time high in 1974 that was 37 years ago there is very little in the world that is 50% below its price in 1974 but sugar is one of them that's one of the reasons I am more optimistic about agriculture than about other things ..," in a similar tone Jim Rogers had this to say about Sugar in a BBC interview :".... the only commodity I know which is making an all time high is gold. Some commodities are up, yes. Sugar is up a lot, but Justin, sugar is still 50% below its all time high. How can you say that's bolted? Silver is going up, but silver is 40% below its all time high. Yes, commodities have been going up recently, but they are still extremely depressed on a historic basis......"