UBS takes delivery against futures

UBS takes delivery of 84,000 tonnes of white sugar at expiry of the March No. 5 white sugar futures contract.  The March white sugar futures contract expired last week. The sugar was delivered at Indian ports on FOB terms.  Louis Dreyfus was the seller.

The May white sugar futures contract was down $4.5 to settle at $750.5 per tonne. While the March raw sugar futures contract is trading near its open at 31.29 cents per lb with volume currently at of 58,585.

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