 Greetings!
MGEX is pleased to provide you with information on the development of an Apple Juice Concentrate (AJC) futures contract. Additional communications will follow, each designed to update you on the various aspects of contract development such as contract specifications, AJC warehousing and product testing, to name a few. I hope you find the content informative.
We are devoting appropriate MGEX resources to the development of a quality risk management tool and are eager to bring this product to the marketplace. Progress reports will be conveyed to you in subsequent email communications.
MGEX owes a debt of thanks to AJC industry participants who have played a key role in helping our project team understand the many intricacies of the industry. A special note of gratitude is owed to the Juice Products Association's Subcommittee on Futures and its Chairperson, Kevin Barley, for bringing this opportunity to MGEX. We continue to reach milestones thanks to all of you, bringing us closer to launching this important risk management tool.
MGEX will continue to move forward with our due diligence and look to the industry for its continued support and guidance. Together, we can move through the vital process of research, development and implementation of a quality risk management tool for the AJC industry.
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