Singapore-based commodities trader Wilmar International presented the best offer and won a tender from Taiwan to supply up to 38,000 tonnes of raw sugar, a trader familiar with the process said on Wednesday.
Wilmar’s bid was for a premium over New York raw sugar futures of between $78 and $80 per tonne CFR (cost and freight included), with arrival of the sugar in Taiwan for mid-October.
Alvean, COFCO and Viterra were second, third and fourth, respectively, in the tender.
Covering India's sugar & bio-energy industry — market news, policy updates, and agricultural intelligence for the industry.
The Indian Institute of Sugarcane Research (IISR) has officially appointed renowned scientist Dr. S. N. Sushil as its new Director. Dr. Sushil assumed his leadership role this past Thursday at the institute’s Lucknow headquarters.
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