ICE tweaks raw sugar contract rules around CAFTA quota.

Intercontinental Exchange Inc on Tuesday said it had amended rules for delivery of raw sugar to the No 11 futures contract to ensure that Central American sweetener cannot be shipped to the United States through a preferential quota. Sugar from Central America and the Dominican Republic can enter the highly-protected U.S. market at a lower tariff-rate under a U.S.-Central American Free trade agreement (CAFTA). Traders often purchase physical deliveries through the ICE Futures U.S. contract. That sugar can come from one of 29 origins. The amendment ensures that sugar delivered against the No 11 contract from any of those origins cannot be sent into the United States under the CAFTA quota.