UPDATE 1-ICE October raw sugar delivery seen at around 1.7 mln tons, say traders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2024
0mins
Source: Yahoo Finance
Delivery Overview: Approximately 33,500 lots (1.7 million metric tons) of raw sugar are expected to be delivered upon the expiry of the October contract on the ICE exchange, with Wilmar International as the sole receiver and Sucden as the largest deliverer.
Market Implications: This delivery volume is smaller than last year's record but still significant, indicating potential bearish market conditions as traders may not have found better deals in the physical market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
