That sugar order doesn't even pass the smell test. The per ton resale price to the Chinese buyer is about $410 per mt, per the contract. If you just do a simple search for that grade of sugar on Alibaba from Brazil, you will see pricing less than half that for 10 mt orders, not 600,000 mt. There are Brazilian direct exporters that have been shipping sugar to China since there was sugar and don't need financing. Right, some guy that owns a couple of restaurants, is millions in debt, has numerous judgements against him, first time out of the box never exporting, gets a quarter of a billion dollar contract without financing over the experienced exporters in Brazil. Right, and I have this great bridge to sell you cheap.........
Market Data 
Markets 
AI
