NYBOT Announces Change To Polarization Allowances For Its Sugar No. 11 Futures Contract

The New York Board of Trade® (NYBOT®) announced today that commencing with the October 2006 delivery month, the exchange is implementing an amendment to its sugar rule revising the polarization allowances or premiums for sugar deliverable under the Sugar No. 11 futures contract. The amendment will add a new, additional allowance of 0.1% of the notice price for each full 1/10th of a degree from 99.0 to 99.3 degrees polarization. Currently, no additional allowance is paid for polarization above 99.0 degrees.

NYBOT’s World Sugar Committee announced on July 29, 2004, that it was soliciting input from any and all interested parties on the possible rule change, and today’s action is based on the input it received.

Please visit the NYBOT website at www.nybot.com or contact the Corporate Secretary’s office at 212-748-4082 for a copy of the NYBOT rules.

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.