Moscow Exchange to launch trading in orange juice futures on June 10

MOSCOW. June 5 (Interfax) - The Moscow Exchange will begin trading in futures contracts for orange juice on the market on June 10, the trading platform said.

The new instrument will reflect changes in prices for frozen concentrate orange juice.

"Settled futures on orange juice do not involve physical delivery of the underlying asset, though allow traders at the same time to use price movements in their trading strategies. Russian producers and industrial consumers of orange juice will be able to use futures contracts for price hedging," according to the statement.

The key parameters of the futures contract are: trading code ORANGE, abbreviated OJ; the underlying asset is frozen concentrate orange juice traded on foreign markets; prices are in U.S. dollars per one pound; a contract lot is 100 pounds (approx. 22,000 rubles); and the execution dates are six times per year in January, March, May, July, September, and November, respectively.

Investors will have access to contracts with execution in July and September 2025 from the start of futures trading, with settlements under the contracts rendered in rubles.

There are currently two types of futures contracts on global agricultural products, namely cocoa and coffee, as well as futures on Russian agricultural products, namely wheat and sugar, which are already traded on the Moscow Exchange futures market.