Money Managers Boost Bets on Higher White Sugar Price by 37%
This article is for subscribers only.
Money managers boosted bets on higher prices of white, or refined, sugar traded in London by 37 percent in the week ended July 17, according to NYSE Liffe, the derivatives arm of NYSE Euronext.
Net-long positions, or bets on higher prices, rose to 10,070 futures and options, the commitments of traders report published on the exchange’s website today showed. That compares with 7,339 contracts a week earlier, according to the data. White sugar rose 1.6 percent in the period on speculation of supplies from top grower Brazil and India will be limited.