Commodities
Dreyfus Asks ICE Exchange to Step In After Sugar Delivery Delays
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Louis Dreyfus Co. asked Intercontinental Exchange Inc. to intervene in a dispute over delays to deliveries of sugar sold through the New York bourse, according to people familiar with the matter.
The Rotterdam-based company, one of the world’s largest agricultural commodities traders, has yet to receive some of the sugar that was sold when March futures expired more than two months ago, said the people, who asked not to be identified because the information is private. The delays spurred the request for ICE to step in to help settle the dispute with seller Wilmar International Ltd., the people said.