Traders may ship Thai raw sugar equivalent to 16 percent of the global surplus against October contracts on the ICE Futures U.S. exchange, the first deliveries from the Asian nation since 2012.
About 625,000 metric tons of the unrefined sweetener will be delivered when futures expire, according to the median of six estimates in a Bloomberg survey of analysts and traders. The forecasts, from companies including Green Pool Commodity Specialists and UBS AG, ranged from 300,000 tons to 2 million tons. The global surplus will be 4 million tons this crop year, according to the International Sugar Organization.
Aug 28, 2014
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