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White Sugar Futures37089080

ICE Futures Europe

White Sugar Futures

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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
Contract Symbol
W
Contract Size
Fifty Tonnes
Price Quotation
Dollars and cents per metric tonne
Contract Series
March, May, August, October, December, such that eight delivery months are available for trading
Minimum Price Fluctuation
10 cents per tonne ($5)
Settlement
Physical Delivery
Delivery Locations
FOB and stowed in vessel’s hold in a port residing in one of the Deliverable Countries of Production listed below and which meets the requirements of the Exchange: Algeria, Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czechia, Denmark, Egypt, El Salvador, Finland, France, Germany, Guatemala, Hungary, India, Italy, Korea (Republic of), Lithuania, Malaysia, Mauritius, Mexico, Morocco, Mozambique, The Netherlands, Pakistan, Peru, Poland, Philippines, Portugal, Romania, Russian Federation, Saudi Arabia, Slovakia, South Africa, Spain, Sudan, Sweden, Thailand, Turkey, U.A.E., Ukraine, United Kingdom, U.S.A., Vietnam
Grade/Standards/Quality
White beet, cane crystal sugar or refined sugar of the crop or production current on the first day of the delivery period, free running of regular grain size and fair average of the quality of deliveries made from the declared origin from such crop or production, with minimum polarisation 99.8 degrees, moisture maximum 0.06%, and colour of a maximum of 45 units ICUMSA attenuation index at time of delivery to vessel at the port.
Daily Price Limit
None
Deliverable Origins
White beet or cane crystal sugar or refined sugar of the crop or production current on the first day of the delivery period
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.
Markers
TAS (Trade at Settlement)
MIC Code
IFLX
Clearing Venues
ICEU

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

Codes

Clearing Admin Name
White Sugar
Physical
W
Logical
WSG
GMI (FC)
LU
Symbol Code
W