• Speculators continued to cut their long positions in Raw sugar in the week up to the 30th of March, causing the net spec position to fall by 16.3k to 153k lots long as prices started to fall below 15c/lb.
  • The net spec position has fallen by 84k lots in the last 5 weeks – from a high of 237k – highlighting the changing sentiment of speculators in the market
  • Again, the weakness in price was capitalised on by industrial consumers who increased their gross long position by 17k lots.
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Jack Haslam

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