Hedge Funds Sugar
Hedge Funds Investing in Raw Sugar Futures
According to the U.S. Commodity Futures Trading Commission, long bets on sugar are up 77% this year.
The saccharine investment looks like it will continue to pay off. Weather problems in such key sugar-production countries as Brazil and India continue to depress production, while an increasing amount of sugar cane is used in producing ethanol—rather than sugar. The International Sugar Organization is projected a 10.4 million ton sugar deficit this season, a record high.
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