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Small ICE December white sugar delivery seen at 44,800 tons

NEW YORK - Buyers were expected to have scooped up 896 lots, or 44,800 tons, of refined sugar against the December contract on ICE Futures Europe that expired on Friday, traders said. The small cash delivery of sugar, worth about $17.7 million ba...

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NEW YORK - Buyers were expected to have scooped up 896 lots, or 44,800 tons, of refined sugar against the December contract on ICE Futures Europe that expired on Friday, traders said.

The small cash delivery of sugar, worth about $17.7 million based on closing prices, was due from origins including India and Guatemala, according to two U.S. traders.

The exchange was due to publish the official expiry data on Monday.

It was unclear immediately who the buyers were.

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The expiry was "neutral at best" for prices, said one trader, given stocks in India remain high and a sharp increase in the spot discount to second-month price gave sellers the opportunity to roll positions forward.

The December refined sugar contract on ICE Futures Europe closed up $6.80, or 1.8 percent, at $394.50 on Friday.

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