Euronext.liffe Adds 32 Delivery Ports To Its White Sugar Futures Contract

Euronext.liffe, the international derivatives business of Euronext, today announced it will add 32 new delivery ports to its White Sugar Futures contract. In total, the contract will provide for delivery through a global network of 86 ports spanning Europe, the Americas, the Middle East, Africa and Asia. Further enhancements will also be made to delivery terms with improved loading provisions and the introduction of basic port criteria. These enhancements will apply from the October 2007 delivery month onwards.

These changes have been made in response to customer demand and reflect the evolving nature of the global white sugar market, including the impending reforms to the EU sugar regime.

Euronext.liffe’s White Sugar Futures contract has seen four consecutive years of solid growth (with 20 percent growth year on year 2005 on 2004) and is widely recognised as the world’s leading physical pricing benchmark and hedging mechanism for white sugar. In addition, along with the other commodity products offered by the exchange, White Sugar Futures are also increasingly utilised by investment funds looking to diversify into soft and agricultural commodities.

Ian Dudden, Director of Commodity Products at Euronext.liffe stated:

“We have worked closely with market participants to develop these changes which underline the position of the Euronext.liffe White Sugar Contract as a “world contract” with over 80 delivery ports in countries ranging from Brazil, Thailand and Germany to Algeria, India and Mozambique.”