Singapore Exchange will introduce a future on robusta coffee, physically delivered in Vietnam, if its members do not object to a change in its clearing rules that would permit the launch.
The futures will be traded at SGX’s subsidiary the
Singapore Commodity Exchange. Sicom offered coffee futures once
before, in 1994, but they failed to catch on. The bourse hopes
to open trading in the first half of this year.
relisting coffee, SGX is echoing its move in February, when it
reintroduced a fuel oil future after abandoning a similar
contract a few years ago. The
Fuel Oil 380 Centistokes Future has won Commodity Futures
Trading Commission approval, so is now available to market
participants in the US.
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