The Secret of Sugar :
The simple, irrefutable fact, is this: Sugar is a healthy part of a diet. Carbohydrates, including sugar, are the preferred sources of the body’s fuel for brain power, muscle energy and every natural process that goes on in e\ery functioning cell. Sugar is more than a “fun” food ingredient, it’s an essential one as well. Because it’s all-natural, you can consume it with confidence. As Nature’s preferred sweetener, sugar is present not only in nutrient-dense fruits and vegetables, but is also a key component, in foods as diverse as whole grain breads and cereals, yogurts and tomato sauces.
Producing countries of sugar:
The five largest producers of sugar in 2011 were Brazil, India, the European Union, China and Thailand. At present, Brazil is currently the largest, sugar producing nation in the world, Brazil exported 17.7 million tons of sugar to other nations, which comprises almost. 40% of the sugar traded in the world that year. That, fluctuations of sugar production in Brazil alone can affect, world sugar prices substantially.
But what does ICUMSA 45 actually mean?
ICUMSA – is ail acronym for the – International Commission for Uniform Methods of Sugar Analysis. It is a world-wide body which brings together the activities of the National Committees for Sugar Analysis in more than thirty member countries. ICUMSA is the only international organization concerned solely with analytical methods for the sugar industry. The ICUMSA ratings method allow s a meaningful and accurate description of the product which can be easily understood by interested parties no matter where they come from.
ICUMSA 45 SUGAR :
ICUMSA 45 sugar is the highest quality sugar available on the market today according to the Brazilian SGS method of testing. ICUMSA 45 sugar is a sparkling white, highly refined sugar, suitable for human consumption and use in a wide range of food applications. Sugar trading features heavily in futures trading, and many crops are sold years before they are actually grown, sometimes up to three years before the sugar cane is even planted. Brazil refines relatively little of its sugar for export, so newcomers to the market will often find that, much Brazilian ICUMSA 45 has already been sold quite some time before it was produced. For this reason, buyers looking to purchase large amounts of sugar, especially of ICUMSA 45, but also lower grade sugar often run into difficulties sourcing a reliable supplier.
SUGAR REFININIG PROCESS:
Of course this is a fairly simplified description of the sugar refining process. Regardless of the method used in its production, the qualities of ICUMSA 45 sugar are easily and accurately gaged by SGS testing according to ICUMSA guidelines.
SPECIFICATION OF ICUMSA 45 SUGAR:
The name of the goods: | ICUMSA 45 SUGAR |
Origin: | Brazil |
Specifications: | TOLARITY at 20“C: 99.80° Minimum SULPHATED ASH CONTENT: 0.04% Maximum by Weight MOISTURE: 0.04% Maximum by Weight MAGNETIC PARTICLES: mg/kg 4 SOLUBILITY: 100% Dry & free flowing GRANULOMETRY: Fine Standard ICUMSA: Color 45 ICUMSA attenuation index Units (Method #10-1978) Maximum COLOUR: Brilliant white REDUCING SUGAR: 0.0T$ in Dry Mass RADIATION: Normal w/o presence of cesium or iodine S02: mg/kg 20 HEAVY METALS, TOXIC ELEMENTS maximum mg / kg basis ARSENIC 0.50 CADMIUM 0.05 COPPER 1.00 . LEAD 1.00 MERCURY 0.01 ZINC 3.00 PESTICIDE TRACES Maximum mg / kg basis DDT 0.005 PH0T0XIN 0.01 HEXACHLORAN GAMMA ISOMER 0.005 MICROBIOLOGICAL LIMITS PATHOGENIC BACTERIA including SALMONELLA per 25 gram: Nil. Bacillus per gram: Nil |
Prices
Contract volume (MT) payment = DLC by MT 700 | Monthly volume (MT/MTHs) × 12 | Price per Metric Ton |
---|---|---|
150000 MT | 12× 12500 MT | $ 420 |
300000 MT | 12× 25000 MT | $ 420 |
600000 MT | 12× 50000 MT | $ 410 |
1200000 MT | 12× 100000 MT | $ 400 |
Contract volume (MT) payment = DLC / plus BG or SLBC | Monthly volume (MT/MTHs) × 12 | Value BG referent : 3 months contract | Value BG referent : 6 months contract | Value BG referent : 12 months contract |
---|---|---|---|---|
150000 MT | 12× 12500 MT | $ 400 | $ 380 | $ 350 |
300000 MT | 12×25000 MT | $ 390 | $ 370 | $ 340 |
600000 MT | 12×50000 MT | $ 380 | $ 360 | $ 320 |
1200000 MT | 12×100000 MT | $ 370 | $ 350 | $ 310 |
Spot volume (MT) | Volume MT/ Delivery | Price per Metric Ton |
---|---|---|
500 MT / 1000 MT | 12 months | $ 620 |
1500 MT / 5000 MT | 12 months | $ 600 |
6500 MT/ 10000 MT | 12 months | $ 580 |
Quantity | Type of order | Price per Metric Ton |
---|---|---|
12500 MT | SPOT | $ 470 |
25000 MT | SPOT | $ 465 |
50000 MT | SPOT | $ 460 |
75000 MT | SPOT | $ 455 |
100000 MT | SPOT | $ 450 |
150000 MT | SPOT | $ 445 |
200000 MT | SPOT | $ 440 |
12500 MT ×12 months | Contract | $ 430 |
25000 MT ×12 months | Contract | $ 425 |
50000 MT ×12 months | Contract | $ 420 |
75000 MT ×12 months | Contract | $ 415 |
100000 MT ×12 months | Contract | $ 410 |
150000 MT ×12 months | Contract | $ 405 |
200000 MT or more×12 months | Contract | $ 405 |
Agreement procedure
1-Buyer shall issue (ICPO-BCL) or ICPO that is signed and stamped from buyer’s bank. Upon verification, Seller will issue completed SIGNED • SEALED (FCO).Followed by draft contract for both parties countersigning.
2- Within (3) three working days Buyer shall review countersign / or make any necessary amendments.
3-Within (7) seven working days from lodging the agreement in both banks, buyer’s bank shall issue financial instrument or confirmed and guaranteed by top world bank acceptable to seller.
4-Within (10) ten working days of receipt, verify and authenticate of buyer’s financial instrument, the seller shall submit full (POP) and 2% performance bond.
5-The first shipment delivery is within 28-35 working days from the date of the seller’s acceptance of the financial instrument.
6-(NCNDA/ IMFPA) will be endorsed with the seller’s and buyer’s bank. Upon vessel arrival at destination port, Buyer discharges the product and within 72 hours pays all parties their commissions.
Seller issue full(POP) Documents to buyer via bank to bank, namely:
A. Copy of commercial invoice. /
B. Copy of approval of export certificate.
C. Copy of statement of availability of the product.
D. Copy of refinery commitment to produce the product.
E. Copy of Transnet contract to transport the product to the port.
F. Copy of the port storage agreement.
G. Copy of the charter party agreement to transport the product to discharge port.
H. The customer formalities , and test report to buyer’s bank.
I. Certificate of origin. /J. Copy of vessel questionnaire 88.
K. Dip test authorization.(Upon Buyer’s request and Buyer will pay full amount)
L. Copy of bill of loading. /M. SGS report. /N. Tank receipt.
In FOB case, Seller’s bank shall release financial instrument immediately after Buyer receives all POP documents. In CIF case, when ship arrives at destination port and buyer conducts inspection on the goods and upon
satisfaction / the cargo passes (SGS), Seller’s bank shall release financial instrument within (3) three working days and buyer pays full amount of inspection at destination port .
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