Change To Brix-To-Acid Ratio Range For NYBOT's FCOJ-1 Futures Contract

The New York Board of Trade (NYBOT®) announced today that effective with the listing of the March 2004 and all subsequently listed FCOJ-1 futures contracts, the high parameter of the Brix value to acid ratio will change from 18.0 to 1 to 19.0 to 1. The March 2004 FCOJ-1 futures contract will be listed for trading on Thursday, August 1, 2002.

The amendment specifically requires that NYBOT's FCOJ-1 is "U.S. Grade A" with a Brix value of not less than 62.5 degrees having a Brix value to acid ratio of no less than 14.0 to 1 and no more than 19.0 to 1 and a minimum score of 94. The minimum numbers for the component factors are fixed at 37 for color, 37 for flavor and 19 for defects.