Dear Sir,

Please find below our offer

COMMODITY: White refined cane sugar
PACKING: 50kg bags
ICUMSA: 45
PRICE: CFR ASWP
PAYMENT: Auto-revolving transferable, divisible, 100% at sight DL/C
PB: 2% max., concrete value has to be agreed separately for each
project
Origin: Brazil

PRICE LIST MARCH 30, 2005 CFR ASWP
For CIF add USD1/MT to each price
------------------------------------
12,500MT USD207
25,000MT USD200
50,000MT USD196
100,000MT USD190
200,000MT USD184
300,000MT USD180

Our sales price for 500,000MT with payment by an irrevocable, transferable,
fully funded or automatic revolving letter of credit, payable 100% at sight
after presentation of the shipping documents in the port of loading is today
USD169/MT CIF ASWP

For raw cane sugar pls. contact us and we will send you separate prices.
Prices are subject final confirmation and may change in accordance with the
present market situation and price development. Sugar is subject unsold.
Minimum possible quantity per each shipment is 12,500MT. Lower quantities
are not possible!

Delivery (shipping) schedule has to come from buyer and has to be agreed.

SPECIFICATION:
Grade: A
ICUMSA: 45 RBU max
Polarisation: 99.80% min.
Moisture: 0.04% max
Sulphate Ash content: 0.04% max
Granulation: medium to find grade
Solubility: 100% dry and free flowing
Radiation: normal w/o presence of caesium or iodine,
certified
Colour: sparkling white. Max 45 ICUMSA
Sediment: none
Smell: free of any odour
Reducing sugar: 0.05% max by weight
Substance: solid, crystal
Magnetic particles: 4 mg/kg max
MAX AS: 1 ppm
MAX PS: 2 ppm
MAX CU: 3 ppm
HPN STAPH AUREUS: NIL

Commodity shall be free from mold, unnatural odours, chemicals and insects,
labelling in English showing net weight, country of origin and that
containing cane sugar.

FOR SERIOUS BUYER ONLY. Inquiry must be sent with full contact details and other
necessary docs.