Transport Infrastructure
ICE October raw sugar delivery reaches 1.7 mln tns, states exchange
Deliveries of raw sugar on the expiry of the October contract on the ICE exchange reached 33,506 lots, or roughly 1.7 million metric loads, stated the exchange in an official notice on Tuesday. ICE's notice verifies initial info from traders on Monday. The exchange stated that most of the sugar provided by traders will be loaded at the Santos and Paranagua ports in Brazil, the world's largest producer and exporter of sugar. At 33,506 lots, the shipment is the 3rd largest for an October contract ever, according to ICE data compiled by Reuters. Large deliveries are generally a bearish indication...