“Breaking the half million contract mark for the first time in our history is a huge milestone for our market, and it’s a number I couldn’t have imagined reaching when I started my career in sugar almost fifty years ago,” said C. Harry Falk, NYBOT’s President and CEO. “This record demonstrates that even as the world sugar market undergoes great changes, the Sugar No. 11 contract continues to meet the needs of this market and to attract investment interest as well.”
World Sugar at NYBOT, as one of the world’s most heavily traded commodity futures and options markets, accounts for over 40 percent of the total NYBOT volume. Sugar, the universal commodity, is produced in over 120 countries and consumed by every country in the world. In addition to its traditional use as a food additive, sugar also plays a role in the energy sector as the world’s most significant source of ethanol.
NYBOT’s World Sugar contract, also known as the Sugar No. 11 contract (symbol SB), trades from 9:00 am to 12:00 pm (NY Time), and has four delivery months including March, May, July and October. The sugar contract calls for 112,000 lbs. of raw centrifugal cane sugar from 29 countries throughout the world.
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, pulp 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.
