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  • Sugar MCX

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    nileshscorpion
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    Sugar MCX CYCLE

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    sugar MCX

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    Sugar MCX CYCLE

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    Sugar MCX

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    nileshscorpion
    Sugar MCX CYCLE

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    Suga ENERGY Multi Commodity Exchange of India Ltd (MCX) is a demutualised exchange with permanent recognition from the government of India, MCX offers futures trading in over 40 commodities including metals, bullion, energy, etc. The average daily turnover on the MCX platform in the nine months ended December 31,2010 was % 29,824 crore. MCX is leading commodity exchange in India, with a market share of 83.3% (ar - Dec 2010) rw exec INTRODUCTION > Sugar is a carbohydrate (called sucrose] that occurs in fruits and vegetables > Globally, sugarcane and sugar beet are major sources of sugar. About 76% of the world sugar is produced. using sugarcane and 249 using sugar beet. > Sugar is used as sweetening agent In various domestic as well as industrial preparations. > Offlate, a breakthrough in the technological front coupled with an increasing awareness on biofuel and alternative fuels has added strength to the sugar industry. > Sugars converted into ethanol through 2 biological method, and then itis used as fuel > In Brazil, about 45% of the total production of sugar is used in producing ethanol, which i used as.afuel in its automobile industry. Geographical sugar map © Beet © Sugar Cane GLOBAL SCENA 10 + 2010-1, the ola production of sugar was estimated tobe 168 milion MT and the global sugar cersumotion was 1678 milion MT » na0}01,theconttuton a dCi, he USA nd Tan was sb Softee a production + The contribution of Braz, Thailand, Australia, Guatemala and South ica was arcund 73% ofthe global pieces » In 2010-11, about 68% of sugar production was consumed by the county of origin >The supar consumption in nia and China (26% of the global consumption is fast approaching 9 peak production capably. > sia, the work's largest importer, has doubled its output and soon might become sesufciet susar. + Inthe next 20 years, Bra could produce erough ethanol to replace 148 ofthe wold gasoline demand Global Sugar Production 2010-2011 Global Sugar Consumption 2010-2011 258 ate 2%, fg ST mn ote oe x Source: USDA For private creuiaion ony ae ‘Major Sugar Exporting Countries 2010 -2011 ‘Major Sugar Importing Countries 2010-2011 oS sm Russia a i indonesia serail “% musa Thailand 95 China J" 3% a topan Po rat 2x Guatemala 2% © =Canada BS Pakistan 3 S.Africa cr ™ other: = Eevee ne seta a Others Source: USDA INDIAN SCENAR|O >The sugorindusty i the largest agro-based industry located in url India, About 50 milion sugercane farmers, thei dependents, and a large mass of agricultural labourers are invoWved in sugarcane culvation, harvesting, and ancillary activities. They constitute about 7.8% ofthe rural population. » Indias one ofthe largest sugar producing counties in the world, having a chare of over 15% of the worlds sugar production, india also among the lergest consumers of sugar inthe world » There are over 480 installed sugar mili India with a production capacty of over 20 milion MT of suger. ‘Thete mills ar located in 19 states ofthe country. About 60% ofthese mills are inthe cooperative sector, 25% in the private sector, and rest in the public sector » Inca’ sugar production inthe year 2010-11 was round 25.7 milion MT while Gomestic demand was i i 25 milion MT. MCX is No.1 in ‘The average per capita consumption of sugar in India is estimated to be 20 ka/year. In the last few years silver, No. 2 in ‘he per capita consumption has been increasing at a steady 37% anally. gold, copper & natural gas, and i Area.wise Sugarcane Conteibution (%) State-wise (%) of Suger Production No. 3 in ‘of Major Sugarcane Producing States in india crude oil (an - Dee, 2010), semananstua Pail smuturfragess eS tomate 37308 Tamil tads se upret Aner Pradesh se trathand nae seMadr Pradesh span paler sm other sats sorter ses bh some:vos vwesntacom ‘Sugar Cycle FACTORS INFLUENCING THE MARKET >The wort supply and demand, production and consumption at the major factors that luence the ‘world sugar prices. MCX reaches Out — + Tre governmant poicis determine sugar production and exports se > Incteesing population and growing income havea major impact onthe consumption and price trends to cities and > Alternative sweeteners are capturing a greater share ofthe market in some countries. Tus, sugar a production and market penetration in many countries would provide a posible slow effect on the global towns in India at >The Government of inca contro the supply of sugarin the open market through monthly sugar release through 1,80,000 ° rerrcators bed en markt condos hus the Goverment iflances the open ate res oo trading terminals Sarr ; ; + Increase in mtemetionel crude ol prices es resi in an incease in the demand fr ethanol as on CTCL spread aitemate source of energy. 2 » Diversion of sugarcane for the production of ethanol (especially in Brazil) can reduce the availability of Over 1,139 cities” stgartorthe global trade [ason Sst Des, 2010)” TMegDba stock consumption ati as been lest than 2% forthe st he years a » Adverse climatic conditions may hamper sugar production IMPORTANT WEB S(T ES www esugarindiacom | wuwindiancugarcom | www-commodtyindia.com | uw feamin.nicin \wwawagriccop.nicin | wwwsugaronline.com | wwwfuturesource.com | wwww.dowjonescom wow fasusda.gov | wwrw.sucden.co.uk enw can CONTRACT SPECIFICATION OF SUGAR SUGARMKOLWMMIYY MCX is first ‘Trading session MondaytoFriday. 10.00%017:00 commodity Saturday: 1000t0 1400 exchange in India Lastdayofthe Contract to launch futures contract in crude Quotation/basevalus E 1perquintal oil, steel and other Iniat margin Miniram59or basodon SPAN whicheverishigher commodities including carbon credits Maximum allowable For individualclients: 20,000 MT ‘pen position For amember: 1,00,000MT or not more than 15% ofthe market wide penpositionin acontractatany pointof time Delverycenter Designated warehouse within 100 kilometers radius of Kolhapur Municipaltits ‘Additional Delivery center Delhi, Muzaffarneger, Kanpur, Sitapur, Gorakhpur, Luchiana, Koksta, Belgaum, SolapurandPuneup to S0km of municipallimits Duedaterate(ODR) Due date rateiscalculated on the last day ofthecontract maturity. Tis calculation is based on last day's spot price. For obtaining the prices of spot ‘market, the Exchange will take the prices from a panel ofmils,dealars and brokersand take theaverage of such prices Note: Please refer to the exchange circuars forthe latest coniract specications and delivery and settlement procedures. tr Cote zn ao Toowtelnet tre peor mete

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