Another New Open Interest Record For NYBOT's World Sugar Futures Contract

The New York Board of Trade (NYBOT®) announced today that its Sugar No. 11 futures contract set another new open interest record on December 31, 2002, of 222,585 contracts. The new record replaces the previous futures open interest high of 221,913 contracts set on December 20, 2002.

NYBOT's Sugar No. 11 futures contract is 112,000 lbs. of raw centrifugal cane sugar. World sugar futures and options represent NYBOT's largest market in terms of total trading volume.

The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges and their subsidiaries and divisions, NYBOT offers an expanding range of agricultural, currency and index products. Information about the New York Board of Trade can be found at www.nybot.com.