WNAM REPORT: Pakistan Mercantile Exchange (PMEX), is preparing to launch Deliverable Sugar Futures after Securities as Exchange Commission of Pakistan (SECP) has recently approved the contract.
PMEX termed this move a landmark step towards improving transparency and efficiency in Pakistan’s sugar trade.
As one of Pakistan’s largest agro-based sectors, the sugar industry has long faced challenges including unregulated pricing, excessive speculation, hoarding, and supply chain inefficiencies.
With the commencement of trading in Deliverable Sugar Futures at PMEX, the industry will gain access to a regulated, national platform that enables transparent price discovery, streamlined trading, effective risk management, and enhanced market documentation.
Ahead of the launch, PMEX conducted a road show in multiple cities including Sargodha and Lahore, the largest sugar trading hubs in Pakistan, bringing together sugar millers, brokers, traders, dealers, and large sugar buyers.
These sessions offered the participants detailed orientation to the new contract specifications, live trading demonstrations, overview of the account opening process and training on how to conduct mock trading on PMEX before the contract launch.
Abdul Rehman Warraich, SECP Commissioner, and Muhammad Ajmal Bhatti, Secretary of the Price Control & Commodities Management Department, Government of Punjab, addressed the participants and commended the initiative, assuring the full support of the regulator and the provincial government respectively.
PMEX CEO Khurram Zafar has also highlighted the transformative potential of the initiative: “Sugar is one of Pakistan’s most traded commodities, yet it lacks structure and transparency. With Sugar Futures, PMEX is turning the tide-ushering in transparency, price stability, and a future where fair trade leads the way,” said PMEX CEO Khurram Zafar.
