SOFTS-Raw sugar steady after record delivery, arabicas flat

viernes 1 de mayo de 2015 07:40 GYT
 

* Wilmar seen as sole buyer of record ICE raw sugar delivery

* Wilmar bought record 1.9 million tonnes - traders

* Arabica coffee, cocoa little changed

By David Brough

LONDON, May 1 (Reuters) - Raw sugar futures steadied on Friday as traders digested news of a record delivery tonnage against expiry of the May futures contract, while arabica coffee and cocoa were little changed.

U.S. traders said Wilmar International Ltd had bought a record 1.9 million tonnes of Brazilian and Central American raw sugar, in an apparent bet on Asian demand and the first world supply deficit in years.

ICE will publish the expiry results later on Friday.

"If there was one receiver that would probably be constructive to the market, it would be Wilmar," said Michael Liddiard, consultant with Agrilion, adding that the company had access to substantial refining capacity around the world, notably in Asia.

"It's the strongest receiver that we've had for a long time," Liddiard said. "It will come as a relief to deliverers who don't have homes."   Continuación...