MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), is pleased to report the involvement of the United States Department of Agriculture (USDA) in Apple Juice Concentrate (AJC) cash price reporting.
The availability of accurate, reliable public pricing is a key component of a successful futures contract. A focus of the USDA is to facilitate the competitive and efficient marketing of agricultural products. As such, MGEX enlisted the USDA’s Market News Branch to report cash market prices for AJC.
The Market News Branch works with various AJC processors, buyers, brokers and suppliers on a weekly basis to collect AJC prices. Since September 2010, the Market News Branch has been reporting AJC prices as part of the National Apple Processing Report. Additionally, this report includes information on prices for apple varieties, shipments, and quantities utilized in the processing of apples on a weekly and yearly basis. A link to the current National Apple Processing Report can be found on the MGEX website at www.mgex.com/ajc/.
“MGEX encourages all parties to reach out to the USDA’s Market News Branch to ensure your price is being represented, and to be part of this ground breaking report,” said Georgette McDonald, Director, Business Services and Product Development, MGEX.
