(Bloomberg) -- Refined sugar rose in London as
speculators took advantage of three days of declines to buy
futures contracts they deemed cheap relative to likely gains.
Expectations for rising exports from India and Brazil, the
world's biggest producers, drove white, or refined, sugar to the
lowest in a month yesterday. Some investors used the declines to
buy in order to honor bets that prices would fall, so-called
short positions, an activity known as short covering, said
Elizabeth Miller, director of research at RedTower Ltd.
Read more at Bloomberg Commodities News
speculators took advantage of three days of declines to buy
futures contracts they deemed cheap relative to likely gains.
Expectations for rising exports from India and Brazil, the
world's biggest producers, drove white, or refined, sugar to the
lowest in a month yesterday. Some investors used the declines to
buy in order to honor bets that prices would fall, so-called
short positions, an activity known as short covering, said
Elizabeth Miller, director of research at RedTower Ltd.
Read more at Bloomberg Commodities News
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