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