Agro Perspectiva

the Future for sugar becomes the second postavochnym the contract in the urgent market of RTS

17.04.2007 10:03 "Agro Perspectiva" (Kyiv) — RTS have liked postavochnye commodity futures. After diztoplivom the stock exchange is going to begin trade in contracts on sugar. The first transactions should take place in 2 months, write «Sheets». This contract will start to bargain in May — June, the first vice-president of RTS has told Novel Goryunov. The volume of the contract will make 5 t, for its(his) basis production of factories of Krasnodar territory on conditions «free on rail», t is taken. e. With delivery to the specified railway station. For RTS hope, that the companies of the food-processing industry which are engaged in purchase, processing and sale of sugar, and also speculators will become interested in the contract. Director of the National commodity exchange (enters into group of the Moscow Interbank Stock Exchange) Sergey Naumov considers(counts), that the new tool of RTS will be demanded — volume good, the goods standardized, volatilnost sufficient (the prices koleblyutsya from $500/ò up to $900/ò), it is a lot of participants of the market, and they can hedge the risks. Executive director of «Opening» Evgenie Dankevich is going to offer the future for sugar to clients — there would be a liquidity: " This tool is necessary to real sector to dump(reset) price risks, — has bought(purchased) the future, has included the price in the budget and has forgotten «. This contract can be interesting to participants of the sugar market, it(he) will allow to fix in advance the prices, Gleb Tikhomirov, financial director of the Russian division of French Sucden — considers(counts) one of the largest sugar traders in the world. At least, Sucden is going to use this opportunity, Tikhomirov assures. Volume of the market of sugar not that, participants is not enough — to not provide liquidity, the general director „ÓÒßáúÓ“-sugar» Alexey Knyazev doubts of the project of RTS. As he said, large Russian participants buy futures for sugar-raw at stock exchange NYBOT where pass(take place) the basic world(global) tenders by it(him). And that they send(have come) on RTS, speculative players should create liquidity. R.Goryunov is assured(confident), that RTS can make competition NYBOT, — now manufacture of sugar to a lesser degree depends on the external prices: 5 years ago by manufacture of sugar the share of internal raw material was no more than 20 %, and now it(she) exceeds 50 %. The idea of exchange trade in sugar is not new. In 1994 on the Moscow commodity exchange half a year addressed the future for sugar in volume 1 t, director of the National commodity exchange S.Naumov recollects. Then has passed(has taken place) two deliveries of sugar, but then the tenders have stopped for the several reasons — insufficient study of system of warranting, etc. In 2003 on the Moscow Interbank Stock Exchange have started to develop the future for sugar, but did not begin to start, having preferred to it(him), the future for wheat (postavochnyj the contract in volume 65) which will appear at a stock exchange in this summer. The volume of this market is more — manufacture of wheat in 2006 has made 45 million t against 6 million t sugar, S.Naumov explains, besides Russia last years became its(her) large exporter.