Market: NYSE Liffe London.The future contract is used extensively as price discovery and risk management tools by producers, exporters, trade-houses, refiners and manufacturers. In addition, it is actively traded by managed funds, institutional investors and proprietary traders looking for exposure to soft and agricultural commodity markets. Unit of trading: Ten tonnes. Price basis: US dollars per tonne in an Exchange Nominated Warehouse in Europe or the U.S.A.
Minimum price movement (tick size and value): $1 per tonne ($10).