ED&F Man Takes All White Sugar Delivered for August FuturesIsis Almeida
ED&F Man Capital Markets Ltd. took all the white, or refined, sugar delivered against the expired August futures contract on NYSE Liffe in London, according to figures on the exchange’s website.
The delivery came to 2,146 contracts, the exchange said today in an interim tender report. Each contract represents 50 metric tons of the sweetener, equating to 107,300 tons in total.
Forty-four percent of the delivery, or 943 contracts, will come from leading global producer Brazil, the data showed. Another 823 lots will come from Thailand, the second-biggest exporter, while 300 contracts correspond to Mexican sugar and another 80 to sweetener from Guatemala.
Brokers acting as sellers on behalf of clients were Sucden Financial Ltd., Newedge UK Financial Ltd., Jefferies Bache Ltd., BNP Paribas Commodity Futures Ltd. and Louis Dreyfus Commodities Suisse SA.