White Papers CTRM for Sugar – Managing Sugar’s Complexity | Page 6

CTRM for Sugar - Managing Sugar’s Complexity A ComTechAdvisory Whitepaper SUGAR TRADING FUTURES MARKETS The futures contract for sugar is traded at the Intercontinental Exchange (ICE), Brazilian Mercantile and Futures Exchange (BF&M), Kansai Commodities Exchange (KEX), Multi Commodity Exchange (MCX), National Commodity Exchange Limited (NCEL), National Commodities and Derivatives Exchange (NCDEX) and Zhengzou Commodity (CZCE) Exchange. Sugar options are also offered as several exchanges. The most important exchange is the New York Mercantile Exchange (NYMEX) and sugar prices at this exchange function as a benchmark for sugar prices. At the NYMEX, sugar futures no. 11 for raw sugar are traded, on ICE sugar futures no. 16 represent raw sugar, while at NYSE Euronext it is sug