Photographer: Andrey Rudakov/Bloomberg

El Nino's Sugar Shortage Drives Bullish Bets to Seven-Year High

By
Rudy Ruitenberg
  • Raw sugar speculative bets most bullish since March 2008
  • Market expected to be in deficit after five years of surplus

El Nino is making a mess of the world’s sugar production, driving up prices as investors amass the biggest bullish position in seven years.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Read this article on the Terminal Request a demo to learn more

You might like:
  1. A L'Oreal Heiress Is Now the World's Richest Woman
  2. Ivanka Trump Faces Courtroom Showdown Over $785 Sandals
  3. Uber Losing Battle in London After Regulator Revokes License
  4. How Electric Cars Can Create the Biggest Disruption Since the iPhone
  5. Mercedes Plots Tesla Attack With $1 Billion U.S. Electric Push