59 - 07/98 - Sugar Problems - Worldwide
We are led to believe that due to good weather conditions in the southern hemisphere, countries exporting cane sugar are experiencing record harvests.This, coupled with reduced demand in the Asian markets, is leading to sharp falls in the price of sugar. Owners/claims handlers should be alive to the fact that receivers caught in a falling market may be extremely fussy about what they will and will not receive!
We would further refer Members toBULLETIN 1 - 04/97 - Sugar Claims ex Santos (Brazil)
when similar trade related problems also gave rise for concern.
Source of Information :
External through Karl Lumbers
5197 - Bulletin 059 20 KB