First sugar trading floor opens

The Saigon Thuong Tin Commodity Exchange Company (Sacom-STE) has opened the country’s first sugar trading floor in HCM City to help farmers and businesses achieve price discovery and price risk transfer.

sugar trading

Speaking at the inauguration on April 1, Nguyen The Vinh, chairman of Sacom-STE, said the floor would offer a modern trading system, fair competition, and price insurance.

It would also help traders obtain credit, update information about both global and domestic sugar prices, and provide transport and storage for its clients, he added.

Tags: ,

Posted by VBN on Apr 2 2010. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Stay informed everyday

Subscribe to free RSS and email updates from Vietnam Business News

Subscribe via Email Subscribe in a Reader Follow us on Twitter Connect on Facebook

RSS China Business News

  • Gold bug turned bear strikes lone pose
  • Gold futures were up for a second day on Wednesday
  • Gold recovered to Rs 28,500, silver gained Rs 150
  • Gold up Rs 200, silver gains Rs 150 on global cues
  • Silver prices have more than doubled to roughly $40/oz in the past 12 months
  • Both gold and silver made gains in the bullion market
  • Steady rally in gold prices has encouraged consumers to buy
  • Gold’s rally will extend beyond $2,000 an ounce in the next year

Sponsored

  • Looking for an overseas forex broker?
  • Trading Point now offering Forex Malaysia and FX Japan with Forex, CFD's and Futures.