FAS: SUGAR PRODUCERS HAVE STARTED TO MEET VOLUNTARY COMMITMENTS TO INCREASE STOCK EXCHANGE SALES
The first exchange deals with sugar from the new sugar beet harvest were concluded at SPIMEX
Sugar Factory Leningradsky, located in the Krasnodar Territory, acted as the exchange basis for the supply. In total, 400 tons of white crystalline sugar were sold in the amount of 24.2 million rubles.
Earlier, at a meeting of the Exchange Committee for the Development of Organized Trading in Agricultural Products, sugar producers took the initiative to undertake voluntary commitments to sell at least 10% of the sugar they produced on the exchange from the beginning of the 2023-2024 production season.
The implementation of this initiative will ensure the liquidity of sugar exchange trading, the results of which can become the basis for the formation of a representative stock index.