
The most rapidly developing form of exchange trading is unilateral commodity auctions, conducted at the request of large producers, exporters, or processors of agricultural products on the National Commodity Exchange. The number of participants in these auctions increased from 537 to 730 organizations in 2023. Furthermore, all formal procedures required for admitting foreign participants to commodity auctions will be completed soon.
The range of products traded on the exchange is also expanding to include oilseeds, sugar, sunflower oil and meal.
NTB JSC plans to launch exchange trading in dairy products, meat (poultry, pork ), and industrial margarine.
Trading volumes for oilseeds, particularly soybeans, will allow the calculation of a stock exchange index for this product to begin in 2023.
As part of the implementation of voluntary commitments by sugar market participants to increase exchange trading volumes (up to 10% of the total volume of sugar produced in the Russian Federation), spot sugar trading is developing at JSC NTB: in the first 9 months of 2023, compared to the same period in 2022, trading volume doubled and amounted to 215 thousand tons.
According to the Russian Sugar Union, the initiative to increase the volume of exchange trading in sugar was supported by its producers, who account for more than 90% of the total production of this product.
Furthermore, since the beginning of 2023, the volume of registered over-the-counter sugar transactions has exceeded 5 million tons. This volume of registered transactions and the development of an over-the-counter sugar index made it possible to launch a cash-settled futures contract on the Central Federal District Sugar Index on the Moscow Exchange's derivatives market in September 2023.
Significant progress in developing exchange trading in agricultural markets has been made possible by constructive information interaction between the Federal Antimonopoly Service of Russia, the exchange community, and market participants.
Work on the platform of the FAS Exchange Subcommittee is aimed at popularizing exchange trading, implementing a mechanism for verifying price indicators, and improving the regulatory framework governing the procedure for registering over-the-counter transactions on the exchange.