Shell to build world’s biggest ship. This will reduces their project costs and will unlock ‘stranded gas reserves’. Sky News

Domestic UK energy bills could rise by 60 % by 2016 due to power stations nearing the end of their use

BBC News

A dismal monsoon season in India and a sizeable portion of sugarcane diverted from food use into ethanol fuel in Brazil has caused prices of raw sugar to soar.

Guardian

Economics in the news – Supply and demand special

A fall in demand has lead to Champagne bottles to be sold for as little as £10 a bottle. Harvests will be reduced next year to increase prices. Daily Mail

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Changes in taste of women drinkers has seen an increase in demand for real ale.

BBC news

Milk prices plummet in Europe as supply exceeds demand. Farmers say the EU must impose quotas to keep up prices.

BBC