UPDATE 1-Wilmar scoops up small ICE May delivery in 5th straight purchase

May 2, 2016 1:32 PM

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(Adds details on buyer, background, value of purchase) NEW YORK, May 2 Wilmar International Ltd scooped up about 422,000 tonnes, or 8,309 lots, of sugar against the May contract on ICE Futures U.S. that expired on Friday, according to exchange data published on Monday and traders.

The sugar was from Argentina and Brazil, ICE Futures U.S. data showed, confirming a Reuters report on Friday. The sugar, worth $150 million, was due to be delivered to SG Americas Securities LLC, ICE data showed. SG Americas was said by traders to be acting on behalf of Wilmar. This marks a fifth st...

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