S. Africa Bourse to Start Cape-Wheat Contracts After Decade
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The South African Futures Exchange plans to reintroduce contracts for wheat grown in the Western Cape province, the area that produces 37 percent of the nation’s grain, which may boost prices that farmers receive.
Trading will start in April or May for futures expiring in December, Chris Sturgess, general manager of commodities derivatives at the Johannesburg Stock Exchange, which runs Safex, said by phone from the city.