Speculators raise short position in raw sugar, boost longs on coffee
NEW YORK, Aug 23 (Reuters) -Speculators increased their bearish bets in futures of raw sugar on ICE U.S. in the week to Aug. 20 while boosting their long position in arabica coffee, the Commodity Futures Trading Commission (CFTC) said on Friday.
Funds added 20,237 lots to their net short position in raw sugar, taking it to 65,922 contracts. Their net long position in arabica coffee rose by 4,515 contracts to 43,474 lots. Funds' net long position in New York cocoa futures was little changed to 10,652.
To check speculator's position on futures of robusta coffee, refined sugar and London cocoa, click here.
Reporting by Marcelo Teixeira
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