OREANDA-NEWS. On 30 July 2008 was announced, that the physical delivery against the July futures contract on sugar (SUN8) was successfully completed. The major traders of the Russian sugar market participated in the delivery.

The delivery volume reached 455 tons (7 carriages).

The delivery price was fixed at 14,8 RUR per kilogram. The underlying was dispatched at the Krasnodar Territory (Labinsk railroad station) and delivered at the recipient’s address in Moscow and St. Petersburg.

Over the entire period of trading in the sugar futures on FORTS the trading volume totaled 6 000 tons or 530 mln roubles in money terms.

FORTS, the derivatives market of RTS, is a leading trading venue for futures and options in Russia. Trading on FORTS started in September 2001. At present FORTS has the widest range of instruments in Russia. These are 64 contracts (46 futures and 18 options) on shares of Russian companies, bonds, short-term interest rates, currency, RTS Index, oil, silver, gas, oil, sugar and gold.

Trading volume on FORTS in 2007 grew threefold and reached 297.41 bln dollars or 144.9 million contracts. Compared with 2006 the number of trades increased more than twofold and reached 11.7mln Total open interest at the end of the year equalled 14.7 bln  roubles in cash or 3.2 million contracts. FORTS also saw a record day’s trading in 2007 when the value of all contracts traded reached 5.2 bln dollars on December 13th, 2007.