NEW YORK/LONDON: ICE Futures Europe said on Friday that 138,250 tonnes of refined sugar has been tendered against the October contract as well as another 10,500 tonnes in the first-ever delivery against the exchange’s new container contract that expired on Thursday.

Sucden Financial scooped up all the sugar against the October white sugar contract on ICE Future Europe. The sellers were ED&F Man Capital Markets (73,000 tonnes) and ADM Investor Services (65,250 tonnes), the exchange said on its website. The delivery was in line with expectations reported by Reuters on Wednesday.

Some 210 lots were delivered against the October futures of the container contract that ICE launched in June. The sugar was due to be delivered from El Salvador and Brazil, the exchange said.

The buyer of 80 of those lots, or about 4,000 tonnes, was Group Sopex, the trade house confirmed in an emailed statement.—Reuters