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In Russia started preparations for the sugar trade on the stock exchange
The Moscow stock exchange in early 2017 organizes an auction of contracts for the supply of sugar
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According to the developed with the participation of the FAS project "road map" for organization of exchange trade in agricultural markets later will consider the possibility of expanding the list of agricultural products. On the Moscow exchange also reported that has already begun accreditation of warehouses and learning the trades of the representatives of the sugar industry. It is assumed that in the long term the annual volume of exchange trading of sugar can be up to 1.5 million tonnes.

As can be seen from the schedule of the trades developed with the participation of the FAS, JSC "Moscow exchange" and soyuzrossakhar, preparing for the start of trading is scheduled for completion in January 2017.

At the moment there are already a number of preparatory activities. In particular, a series of educational presentations for representatives of soyuzrossakhar, producers and consumers of the sugar market to get acquainted with the exchange trading mechanisms and pricing principles, as well as consultations with market participants on adaptation of infrastructure of the Moscow exchange (trading, clearing, operator of supply, the need for additional logistics services) to industry.

In the first quarter of 2017 in the framework of the exchange Committee of the FAS to establish a Subcommittee on organization of exchange trade of agricultural products, composed of members of industrial unions, independent producers and consumers, as well as representatives of the exchange and the relevant Executive authority. At the same time needs to be spent working with state agencies and departments to ensure that the exchange of documents of the regional divisions on a par with OTC in the analysis of export transactions, issuing licences, quotas, VAT refund etc. in addition, it is expected to issue a joint order of FAS and the Ministry of agriculture approving the minimum volume traded on the stock exchange of sugar, and requirements for trading.

Before July 2017 must be generated by the proposals on the introduction of incentive mechanisms to attract participants of the market of agricultural products to participate in the stock exchange: the state interventions on the stock exchange, improvement of mechanisms of granting subsidies through the imposition of conditions of realization of agricultural products on the stock exchange, the simplification of the mechanism of VAT refund to the exporters when purchasing for export of agricultural products on the stock exchange, etc.

The auction will be organized on the basis of National commodity exchanges, particularly on the trading and clearing platform, "the Harvest", which specializiruetsya to trade exchange-traded derivative instruments for grain. Annual trade volume is estimated at 1-1,5 million tons of sugar.



Translated by service "Yandex.Translation"
Источники: Известия
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