RI buys Brazil's sugar

RI buys Brazil's sugar

LONDON (Reuter): Indonesia last week bought one cargo of Brazilian white sugar for prompt delivery, traders said yesterday.

They said they believed the purchase was made at around US$20 a ton fob under London March futures.

They noted that although Indonesia imported around 1.2 million tonnes of whites a year, it normally bought from Thailand but high premiums recently made it switch.