White Sugar Futures

White Sugar Futures37089080

Description

The White Sugar futures contract is used as the global benchmark for the pricing of physical white sugar. It is actively traded by the international sugar trade, sugar millers, refiners, and end-users (manufacturers) as well as by managed funds and both institutional and short-term investors.

Market Specifications

Trading Screen Product Name
White Sugar Future
Trading Screen Hub Name
ICEU
Symbol
W
Contract Size
Fifty Tonnes
Price Quotation
Dollars and cents per metric tonne
Contract Listing
March, May, August, October, December, such that eight delivery months are available for trading
Minimum Price Movement
10 cents per tonne ($5)
Settlement
Physical Delivery
Delivery Points
FOB and stowed in vessel’s hold in a designated port in one of the following countries of origin: Algeria, Argentina, Australia, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Egypt, France, Germany, Guatemala, India, Italy, Korea, Malaysia, Mauritius, Mexico, Morocco, Mozambique, The Netherlands, Pakistan, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sudan, Thailand, Turkey, U.A.E., Ukraine, U.K. and U.S.A.
Grade/Standards/Quality
White beet, cane crystal sugar or refined sugar of the crop current at the time of delivery, free running of regular grain size and fair average of the quality of deliveries made from the declared origin from such crop, with minimum polarisation 99.8 degrees, moisture maximum 0.06% and colour of a maximum 45 units ICUMSA attenuation index, all at time of delivery to vessel at the port.
Daily Price Limit
None
Deliverable Growths
White beet, cane crystal sugar or refined sugar of the crop current at the time of delivery.
First Notice Day
Fifteen calendar days preceding the first day of the delivery period (if not a business day then the first business day following). Delivery period is the specified delivery month and the following delivery month.
Last Trading Day
Sixteen calendar days preceding the first day of the delivery month at 17:55 (if not a business day then the first business day immediately preceding)
Last Notice Day
Fifteen calendar days preceding the first day of the delivery period (if not a business day then the first business day following). Delivery period is the specified delivery month and the following delivery month.
Delivery Limits
Delivery limits for IFEU Softs can be found here.
MIC Code
IFLX
Clearing Venues
ICEU
Loading...

Trading Hours

CityTradingPre-Open
New York3:45 AM - 1:00 PM
03:45 - 13:00
8:00 PM
20:00
London8:45 AM - 6:00 PM
08:45 - 18:00
1:00 AM
01:00
Singapore4:45 PM - 2:00 AM
16:45 - 02:00
9:00 AM
09:00
Loading...

Codes

Clearing Admin Name
White Sugar
Physical
W
Logical
W
GMI(FC)
R&N A.C.N.