Saturday 12 October 2013

SUGAR No.11

Today's word: SUGAR No.11
Theme for this fortnight: FUTURES


A futures contract for the physical delivery of raw cane sugar. The Sugar No.11 contract includes shipping costs to the purchaser's ship at a port inside the country selling the sugar, a type of shipping called free on board. One Sugar No.11 contract represents 112,000 pounds of raw cane sugar.


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