Agro-commodities
About contracts
Raw sugar plays a key role in the sugar pricing on both the world and domestic markets. Raw sugar is used as raw material in the production of more than 50% of granulated sugar in the Russian Federation (another 50% of granule sugar production accounts for sugar beets).
Raw sugar futures provide great opportunities for both investors and market participants (hedgers).
Short contract specification
| Basic asset | Raw sugar |
|---|---|
| Quotation | In RUB per 1 kilo |
| Contract size | 1 long tonne = 1016 kg |
| Last trading day | Last working day of the month preceding the month of expiration |
| Expiration months | March, May, July, October (two tenors are traded) |
| Settlement price | Ps = Ps_ice * R1 * К2, Ps – the settlement price of the Contract; Ps_ice – the settlement price of the parallel futures contract Sugar №11 Futures (short code – SB), traded at Intercontinental Exchange (ICE) set on the Last Trading Day of Sugar №11 Futures in US cents. The Price is published at: www.theice.com. R1 – the conversion rate of 2,2046 to get from pound to kilograms; R2 – one-hundredth of the US dollar at the USD/RUB exchange rate set on the contract settlement day as per the Indicative Exchange Rate Methodology of Moscow Exchange subject to the US Dollar fluctuations. The Indicative Exchange Rate you may find under the link. |
| Contract code in the Trading System | SUGR-mm.yy |
| Settlement | The Variation Margin Calculation |
Futures expiration calendar
| Contract code | Last trading day | Settlement day |
|---|---|---|
| SUGR-03.20 | 28.02.2020 | 02.03.2020 |
| SUGR-05.20 | 30.04.2020 | 04.05.2020 |
| SUGR-07.20 | 30.06.2020 | 01.07.2020 |
| SUGR-10.20 | 30.09.2020 | 01.10.2020 |
| SUGR-03.21 | 26.02.2021 | 01.03.2021 |
| SUGR-05.21 | 30.04.2021 | 03.05.2021* |
| SUGR-07.21 | 30.06.2021 | 01.07.2021 |
*The date may be changed due to the holidays in Russia
Current futures prices
For basic information about a derivatives contract, please click the contract code in the first column