date:Dec 08, 2015
El Nino is making a mess of the worlds sugar production, driving up prices as investors amass the biggest bullish position in seven years.
Speculators boosted their the net-long position in raw sugar to the highest since March 2008, according to data for last week released by the U.S. Commodity Futures Trading Commission that excludes index funds. El Nino has led to excessive rain in Brazil and dryness is hurting crops in India and Thailand.
Sugar prices are up 45 percent since late August and