Reported 6 months ago
A dispute over delays in sugar deliveries through a New York exchange ended with Louis Dreyfus Co.'s case being dismissed after vessels were loaded, as revealed by anonymous sources. The conflict with Wilmar International Ltd. raised concerns about exchange rules and the use of technicalities in the market. Dreyfus had bought a substantial amount of sugar, with doubts over May deliveries, but the arbitrators decided no immediate action was necessary. Wilmar and ICE declined to comment, while Dreyfus did not respond to requests.
Source: YAHOO