Russia: Moscow Exchange plans to launch cocoa futures trading in the fall

Published 2024년 9월 9일

Tridge summary

The Moscow Exchange is planning to launch trading in a cash-settled futures contract on cocoa later this fall, marking the first time the commodity will be traded in this way domestically. The futures will mirror global cocoa prices and deliveries from major producing countries to five US ports. The minimum lot size for trading will be 10 kilograms, and the collateral will be 20 percent of the trading amount. The move is anticipated due to cocoa's high price volatility and the growing global demand for cocoa beans, driven by the popularity of chocolate. Cocoa bean futures have experienced significant price fluctuations this year, largely due to supply disruptions caused by logistical issues, military action, drought, and disease.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This fall, the Moscow Exchange plans to launch trading in a cash-settled futures contract on cocoa, which has previously only been traded on foreign exchange platforms. This was reported by Maria Patrikeeva, Managing Director of the Exchange's Derivatives Market, Vedomosti reports. The futures will reflect the dynamics of world prices for this commodity with deliveries from key producing countries in Africa, Asia, Central and South America to any of the five delivery ports in the United States. The terms for executing futures contracts will be March, May, July, September and December. The minimum lot size that can be put up for exchange trading will be 10 kilograms, the starting contract amount is about 7,000 rubles, and the collateral is 20 percent of the trading amount. A number of experts are positive about this event. According to some of them, futures contracts on cocoa will be popular due to high price volatility. They see serious prospects for investing in cocoa futures and ...

Source: Rosng