Moscow. December 23. In the framework of exchange trading of grain, which began at the National Mercantile exchange (NAMEX, part of the group “Moscow exchange”) on Wednesday, concluded the first transaction for the sum more than 4,6 million roubles.
As follows from the materials of the exchange, the transaction is concluded to 476 tonnes of 3-grade wheat at the price of 9 745 rubles per ton. The contract amount was $ 4 million 638 thousand 620 roubles.
The basis of the transaction – Elevator JSC “Delta-agro” (the Volgograd region). The term of settlement until 29 January 2016.
As reported, NTB started trading deliverable forward contracts, the underlying asset of which is wheat grades 3 to 5. The lot size is 1 ton, the delivery lot size is 68 tons.
Russia’s agriculture Ministry plans in the next year or two to cover exchange trading to 10% of commercial grain market, which amounts to 55 million tonnes a year.