Bloomberg – Hedge funds increased bullish bets on sugar to the highest in more than a year on expectations that worldwide demand will increase.
In the week ended March 8, funds and money managers increased net-long positions, or wagers on rising prices, by 18 percent to 153,941 contracts, the highest since February 2010, government data showed on March 11. Futures in New York reached a 30-year high last month on concern that global supplies will trail demand after crop damage in Australia and India.
