New NYBOT Open Interest Record For World Sugar Futures

The New York Board of Trade (NYBOT®) announced today that trading in its World Sugar #11 futures market established a new open interest record on December 20, 2002, of 221,913 contracts. The new mark surpassed the previous futures open interest high of 221,541 contracts set on February 6, 1998.

The Sugar #11 futures contract traded on the NYBOT is for 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.