NEW YORK: The ICE May raw sugar delivery is estimated at more than 800,000 tonnes, reaching the high end of estimates, and coming primarily from the world's biggest producer, Brazil, traders said on Wednesday.
Traders said the delivery will be 16,000-16,197 lots, or 800,000-822,845 tonnes, with one trade house taking the entire delivery.
Most of the sugar will come from Brazil while roughly 15,000 tonnes will come from Honduras and about 8,900 tonnes from Guatemala, they said.
ICE Futures U.S. will release the official delivery figure on Thursday morning.
Comments
Comments are closed.