OREANDA-NEWS. On November 1, 2007, the first dispatch of granulated sugar by a futures contract with delivery in November started on the Russian commodities market, the RTS press service reported. Delivery price is 15,05 rub a kilo. Volume of delivery is 5 carloads or 325 tons of sugar.

Delivery of tangible goods is the final stage of a deliverable futures contract’s circulation on the market. First delivery on futures contract on sugar has marked a successful start of the exchange trading on agricultural products and also the fact that the trading participants have appreciated the convenience and effectiveness of the new instrument of Futures and Options market on RTS – FORTS.

The trading volume on FORTS for the period of 9 months in 2007 exceeded 166 bln dollars. From January to September 2007, there were made more than 7,2 mln trades with 93,5 mln contracts. Average daily open interest on standard contracts in 2007 grew by 102,6% and in September reached 8 bln dollars.