• The net spec position in the Raw Sugar market decreased by 12k lots – now standing at +239k lots.
  • The No.11 price moved above 20c/lb in this week, despite this lack of spec buying interest, as consumers bought ahead of the V expiry to increase the gross commercial long position by 14k lots.
  • Since the data was captured, the price has traded back down into the mid-19c range – potentially suggesting that buying demand is waning at 20c/lb.

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Jack Haslam

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