A new Intercontinental Exchange rule restricting the delivery of genetically modified cane sugar could restrict the flow of Brazilian supplies to the US.
Traders will be required to certify that the sugar being delivered under the US futures contract is "entirely from sugar cane varieties which have been developed by the traditional plant method of hybridization and selection," according to a Dec. 6 statement from the exchange. The new rule comes after US companies expressed concerns over potentially receiving genetically modified supplies.