SUGAR TRADE FRAUD ALERT – DUBAI & BRAZIL ICUMSA 45

A Pune-based exporter was about to close a large ICUMSA Brazilian sugar deal for Dubai buyers.

Huge demand.
On-the-spot payment commitment.
Continuous supply promise.

Everything looked profitable. Then came the “agent.”

He claimed:

•⁠ ⁠Direct contract with Brazilian sugar mill
•⁠ ⁠Delivery at Jebel Ali Port
•⁠ ⁠Long-term supply guarantee
•⁠ ⁠Below-market pricing
•⁠ ⁠“Come to our Dubai office, see samples.”

And then… “Give small advance to block allocation.”

⚠️ Classic setup.

Here’s what we found when we screened the deal:

❌ No verifiable Brazilian mill authorization
❌ No traceable export history
❌ Inconsistent documentation trail
❌ Pricing below realistic FOB benchmark
❌ Mismatch in company operational footprint

Photos of sugar stock?
Recycled from the internet.

Dubai office?
No confirmed commodity trade activity.

If advance was sent, recovery would have been nearly impossible.

💡 Commodity trading doesn’t run on urgency.

Real Brazilian sugar supply involves:

✔ Verified mill documentation
✔ Structured LC terms
✔ Traceable export history
✔ Compliance-backed contracts

If someone pressures you to transfer advance quickly — pause.

Hope is not a trade strategy.

At The Exim Times, we screened this deal under our:

🛡 Exim Verified – Deal Safety Intelligence Report

The exporter saved:

✔ Advance payment
✔ Time
✔ Reputation
✔ Future buyer relationship

Before you transfer.
Before you sign.
Before it ships.

Ask yourself:

Is your deal Exim Verified ?