News International Sugar Journal

Investors bet on sugar prices going down as short contracts increase by 65% [Registered]

With the sugar prices heading downwards on the back widespread consensus in the in the industry of global surplus third year in row, investors are betting that prices will fall even more below the current three year lows. As of April 9, investors were holding short position on some 212, 419 contracts-worth about $4.5 billion. The number of these “short” contracts held by investors is up 65% from the start of the year, according to the Wall Street Journal (WSJ). 2013/14 campaign in Brazil has commenced. Ideal weather during the current harvest is promising, and barring no weather shocks during…

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