The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Wheat futures trading: Russia builds a future for wheat

Russia completed another piece in its agricultural jigsaw in April with the long-awaited launch of wheat futures trading on the National Mercantile Exchange (Namex) in Moscow.

Giving investors food for thought

Black Earth Farming – leader of the revolution?

Russia builds a future for wheat


Although first-day trading volumes were only a modest Rb11.3 million ($480,000), the creation of the new market comes at an opportune time as traders and producers are looking to hedge their risks as wheat prices hit record highs.

It also signals Russia’s objective of building up its financial market infrastructure in general and in particular to become the international wheat trading centre for the Commonwealth of Independent States, attracting business from other major wheat producers in the region, such as Ukraine and Kazakhstan. Namex, formed in July 2002, numbers leading grain traders and food producers among its main shareholders, with Russian exchange operator Micex providing trading and settlement systems support.


Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree