Commodity Trade

The markets of commodities such as Brazilian white refined sugar and VHP brown sugar and of other commodities like rice, reflect the constantly changing dynamics of supply and demand. Efficient business operations in such environments demand practices that can manage risk and discover best market prices and terms avoiding deceitful and time wasting vendors. Our practices in these markets besides efficient are consistent with the following standards:

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1. We operate in the physical markets and commit or otherwise offer to sell sugar and rice for spot or contract deals in a manner that complies with the international rules and in accordance with the ICC formally delegated reliability standards and all applicable laws and regulations, in good faith and with a strong commitment to honest dealing.

 

2. We do not participate in transactions or schedule resources with the intent of creating congestion to manipulate prices or to jeopardize the security of dispatch operations.

 

3. We do not conduct business with vendors we believe they do not intend to provide or the ones we believe to be un-trustworthy.

 

4. We do not arrange and execute simultaneous offsetting buy and sell trades, i.e. with the same counterparty and identical price, commodity, location and quantity terms, with intent to artificially distort actual revenues, trading volumes or affect market prices.

 

5. We do not solicit receipt, submit or communicate any trade information, trade prices, price quotes, or like information either orally or otherwise with out the intention to provide.