Reuters scoops rare Sudan sugar purchase

Reuters clients, eager for export news from the global sugar market, were alone on July 2 in hearing about Sudan’s 75,000 tonne sugar purchase. Reuters worked sources well for the story, which cut into a slack market created by prices hovering near three year highs. The story got picked up by brokers including the widely read Kingsman sugar news summary. Kingsman said the reported purchase would prove a boon to holders of Thai sugar, pointing to further export opportunities for Thai refined sugar in the coming weeks.