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Description

The White Sugar futures contract is used as the global benchmark for the pricing of physical white sugar. It is actively traded by the international sugar trade, sugar millers, refiners, and end-users (manufacturers) as well as by managed funds and both institutional and short-term investors.

Market Specifications

Trading Screen Product Name

White Sugar Future

Trading Screen Hub Name

ICEU

Contract Symbol

W

Contract Size

Fifty Tonnes

Price Quotation

Dollars and cents per metric tonne

Contract Series

March, May, August, October, December, such that fourteen delivery months are available for trading

Minimum Price Fluctuation

10 cents per tonne ($5)

Settlement

Physical Delivery

Delivery Locations

FOB and stowed in vessel’s hold in a port residing in one of the Deliverable Countries of Production listed below and which meets the requirements of the Exchange: Algeria, Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czechia, Denmark, Egypt, El Salvador, Finland, France, Germany, Guatemala, Hungary, India, Italy, Korea (Republic of), Lithuania, Malaysia, Mauritius, Mexico, Morocco, Mozambique, The Netherlands, Pakistan, Peru, Poland, Philippines, Portugal, Romania, Russian Federation, Saudi Arabia, Slovakia, South Africa, Spain, Sudan, Sweden, Thailand, Turkey, U.A.E., Ukraine, United Kingdom, U.S.A., Vietnam

Grade/Standards/Quality

White beet, cane crystal sugar or refined sugar of the crop or production current on the first day of the delivery period, free running of regular grain size and fair average of the quality of deliveries made from the declared origin from such crop or production, with minimum polarisation 99.8 degrees, moisture maximum 0.06%, and colour of a maximum of 45 units ICUMSA attenuation index at time of delivery to vessel at the port.

Daily Price Limit

None

Deliverable Origins

White beet or cane crystal sugar or refined sugar of the crop or production current on the first day of the delivery period

First Notice Day

Fifteen calendar days preceding the first day of the delivery period (if not a business day then the first business day following). Delivery period is the specified delivery month and the following delivery month.

Last Trading Day

Sixteen calendar days preceding the first day of the delivery month at 17:55 (if not a business day then the first business day immediately preceding)

Last Notice Day

Fifteen calendar days preceding the first day of the delivery period (if not a business day then the first business day following). Delivery period is the specified delivery month and the following delivery month.

Delivery Limits

Delivery limits for IFEU Softs can be found here.

Markers

TAS (Trade at Settlement)

MIC Code

IFLX

Clearing Venues

ICEU

Related Products

• Robusta Coffee Futures
• Cocoa Futures
• London Cocoa Futures
• Sugar No. 11 Futures

Trading Hours

Codes