On Mosbirzh, bidding in futures for orange juice started
Trading with fixed -term contracts for orange juice on the Moscow Exchange (MOOEX: MoEx) began with a symbolic volume – 2.3 million rubles. While the conjuncture of this product is weak-after confident growth of quotations in previous years in the first quarter of 2025, they fell twice. However, over time, a new tool can repeat the success of the futures on cocoa beans.
On June 10, on the Moscow Exchange, bidding fell in futures on a frozen concentrate of orange juice. Two contracts are still available to investors – with execution in July and September 2025. Futures are calculated, that is, it does not imply a physical supply of an asset. The volume of the first day of trading was small – 2.3 million rubles. according to both contracts. The transactions were concluded in the range of $ 2.74–2.9 per pound. Earlier, the Moscow Exchange launched fixed-term contracts for cocoa bobs (since September 2024) and Coffee (since May 2025).
Futures on the concentrate of orange juice are actively traded on foreign exchanges. In particular, ICE has been trading since the mid-1970s. The contract is 15 thousand pounds. According to Investing.com, in the last two months the price of the futures has lasted $ 2.8 per pound, while the daily trading volumes amount to $ 40-50 million.
According to market participants, this tool is primarily focused on private investors. “Currently, the futures market is a good field for speculators, so if potential liquidity allows you to trade, including intra -day traders,” said the investment consultant, Ivan Pukhova. According to the Moscow Exchange, the share of the volume of open positions on the futures on cocoa (with execution in July), which arrives at individuals, was 88%, and the number of private investors exceeded 2.7 thousand people.
According to Alena Lukina, Director of the Development of T-Investments, « Volatility opens up opportunities for speculation and hedging of specific risks. » At the same time, factors such as the weather, productivity and regularity of supplies affect the prices of juice, which “allows investors to find unexpected methods of earnings,” the expert points out. Another reason to buy a tool is a portfolio diversification, experts say. “The dynamics of the futures is slightly correlating with shares or bonds and does not depend on the dynamics of oil or metals,” said Solid Broker analysts.
At the same time, the quotes of fixed -term contracts for orange juice for ICE in the last three months remain in the range of $ 2-3 per pound, while at the beginning of the year they exceeded $ 5 per pound. According to Bloomberg, this happened due to a decrease in demand in the American market-the main consumer of this product. Meanwhile, it was the growth of quotations that attracted investors to fixed -term contracts. In particular, trading futures on Cocoa Bobs began on the Moscow Exchange with a volume of about 1 million rubles. But after the rapid increase in their value at the beginning of 2025, the volume for the first time exceeded 1 billion rubles. per day, and currently regularly reaches this mark. At foreign venues, futures for orange juice have already demonstrated the ability to rapid growth. If he again succeeds in repeating such a dynamics, the instrument “will be able to terminate” on the Moscow Exchange, says Albert Koroev, head of the BCS Investment BCS Expert Market.
Over time, according to the personal broker of the Sinara investment bank, Artem Storyzov, the instrument can attract Russian manufacturers, importers and industrial consumers of orange juice, since “they will be able to use futures for hedging of raw materials and minimizing closely related currency risks.” However, liquidity is important for market participants. And as notes the analyst of the investment company “The Broker Tourier” Ivan Efanov, “if large companies see semi -empty exchange glasses, they will not be able to use this tool.” Another restriction may be the absence of such large manufacturers of orange juice in Russia as in the USA, says Ruslan Nozdrin, investment consultant of the Gazprombank Investment service. This reduces the potential circle of players interested in hedging their risks with the help of this tool, Mr. Nozdrin notes.
