Bloomberg News

Liffe Commodity Trading Surges 28% in April on Cocoa and Coffee

May 07, 2013

Daily commodities trading on NYSE Euronext (NYX:US) in Europe jumped 28 percent in April as the most-ever cocoa futures were traded and on increased buying and selling of robusta coffee in London and milling wheat in Paris.

Investors traded an average 103,283 commodity contracts in every session on NYSE Liffe in Europe last month, online data from the exchange showed. That compares with 81,003 lots a day a year earlier and 89,387 daily trades in March.

NYSE Euronext’s derivatives exchanges in Paris and London handled 2.17 million commodity futures and options contracts last month in 21 trading sessions, the most since October, compared with 1.54 million lots a year earlier over 19 days, the data showed.

Trading of robusta coffee futures doubled to 462,469 contracts, the biggest monthly volume since June 2011, from 229,623 futures traded in April 2012. Buying and selling of cocoa futures jumped 56 percent to a record 515,654 contracts from 330,442 a year earlier.

Milling wheat futures trading in Paris rose 43 percent to 533,303 contracts from 372,453 in April 2012. The volume of rapeseed futures bought and sold in the French capital fell 14 percent to 155,285 from 181,266 a year earlier.

Trading of futures for white, or refined, sugar in London gained 21 percent to 199,475 lots from 164,209.

The number of outstanding cocoa futures at the end of last month, or open interest, rose to a record 253,223 contracts from 234,670 a month earlier. Open interest in robusta coffee futures fell to 87,798 lots from 96,135 at the end of March.

Open Interest

Open interest for milling-wheat futures slumped to 146,304 contracts as of April 30 from 178,312 a month earlier, the lowest since June 2010.

The value of trading in cocoa futures rose to 9.2 billion euros ($12 billion) from 5.84 billion euros a year earlier. Trading in Paris milling-wheat futures rose to 6.13 billion euros last month from 3.84 billion euros a year earlier.

Robusta coffee futures trading in London jumped to 7.24 billion euros in March from 3.52 billion euros a year earlier. White sugar trading value in London was little changed at 3.85 billion euros from 3.82 billion euros, while the value of rapeseed traded in Paris fell to 3.5 billion euros from 4.4 billion euros in April 2012.

The total value of agricultural futures trading, including so-called soft commodities, rose to 30.7 billion euros from 22.1 billion euros a year earlier.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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