Sugar Prices Near the Lowest in a Decade
- White sugar set for seventh monthly drop amid too much supply
- Open interest in raw sugar is near the highest since 2008
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Sugar is back in the doldrums again as the market struggles with too much supply, and bearish investors keep piling in.
White-sugar futures are heading for a seventh monthly loss and prices are near the lowest since 2008. The slump has come as speculators amass one of their biggest ever bearish bets and open interest has been rising, suggesting they added to short wagers.