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  • Specs bought raw sugar aggressively in the week up to the 10th of August, increasing their net position by 22k to 249k lots long.
  • With this, the No.11 price soared above 19.5 c/lb in the V and has since risen above 20c, suggesting heavy spec buying continued late last week.
  • The high prices encouraged producer pricing, with the commercial short rising by 28k lots, but continued to largely discourage consumer interest.
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Jack Haslam

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